Rock in a Hard Place "DOW/ROH marriage"

ACC projects that U.S. chemical output, excluding pharmaceuticals, will drop 8.7% this year from 2008 levels. The forecast represents a dramatic decline from initial estimate; in a double whammy of bad news, this year's slowdown in output will come on top of a downward-revised figure for output in 2008 (i.e. 2008 production shrank 6.3% instead of 3.1%) that will probably make Dow chemical more nervous for paying $78/share cash for Rohm and Haas Company transaction. It is unimaginable for Dow to settle out of court if ROH does not make concession. Then again, what are legal grounds for Dow to run away from the deal (except moral ground)??? … Reuters