Rohm and Haas and Dow Chemical entered into a definitive agreement on July 10, 2008 providing for the acquisition of Rohm and Haas by Dow, subject to the terms of that agreement. Rohm and Haas Company shareholders approved this agreement on October 29, 2008. Rohm and Haas continues to work towards the completion of this agreement.

CCL suppliers in Taiwan and Korea are said to be conducting price wars following demand drop and lower copper prices according to industry sources. The average copper price has dropped from $3.67 per pound in August down to the current price of $1.29 per pound, a 65% drop. Some CCL suppliers have taken losses on copper in inventory that was purchased at the higher third quarter prices and not sold when demand dropped throughout the fourth quarter. These materials are being sold at a loss to clear inventory.  

The decline in CCL prices and weakened demand impacts raw material prices and production as well. As an example, glass fabric manufacturer Taiwan Glass Industrial has stopped production at two more furnaces, TT-6 in Taoyuan, Taiwan and TGF-2 in China. The company had already stopped operations at three other furnaces earlier in December.