Formal approval by Judge Pointer will come only after public hearings, to be scheduled over the next few weeks, lawyers said.
Justices Order Trial Judge Pointer's decision upholding the Birmingham plan reflects his assessment of evidence presented to him at a trial in October 1991.
The effect of Judge Pointer's new decision is to uphold actions taken under the 1981 decree.
The new offer was shaped by the implant companies, under Judge Pointer's guidance.
The deal looked done when Judge Pointer tentatively approved it in April 1994.
While Judge Pointer says it is not his job to create a settlement, he has laid down some guidelines.
John Musser, another Dow Chemical spokesman, said the company had asked Judge Pointer to review that ruling.
Dow Corning's assessment of Judge Pointer's judicial philosophy proved wrong.
The new details emerged after further talks in recent days between Judge Pointer and lawyers for the three companies.
The notice by Judge Pointer, an appointee of President Richard M. Nixon, did not discuss the details of the plan.