Georgetown, Del., March 9 - Dow Chemical Co and Rohm and Haas Co asked for the trial stemming from their soured $15 billion merger plan to be delayed to continue their settlement talks, Rohm's spokeswoman said on Monday.
Dow had said Sunday night that settlement talks were going "quite well," but it had also said it would not settle at the original price of $78 a share in cash for Rohm.
Rohm had sued Dow in January after Dow refused to close the takeover.
Dow agreed to buy Rohm and Haas last July for $78 a share, which represented a 74 percent premium, to broaden its product offerings in higher-margin markets such as paints, coatings and electronic materials.
But Dow balked at closing after a joint venture with Kuwait fell apart. Dow had intended to use proceeds from that $17.4 billion plastics joint venture to help fund the Rohm deal.