Albemarle (ALB) Enters $50M Accelerated Stock Buyback Plan

On February 3, 2014, Albemarle Corporation (NYSE: ALB) entered into a trade confirmation (the “Confirmation”) with Merrill Lynch International (“Merrill Lynch”), acting through its agent Merrill Lynch, Pierce, Fenner and Smith Incorporated, with respect to an accelerated share repurchase program (the “ASR Program”). Pursuant to the terms of the Confirmation, the Company will purchase $50 million of its common stock from Merrill Lynch. The Company will acquire the shares under the share repurchase program previously authorized by the Company’s board of directors (the “Buyback Program”). Approximately, 5.9 million shares remain authorized for repurchase under the Buyback Program. The purchases will be funded with available cash on hand.

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