Albemarle shares slip on $1.3 billion stock offering

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Albemarle (ALB) Prices 8.5M Share Common Offering at $153/Sh

February 4, 2021 5:53 AM EST

Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, today announced the pricing of a previously announced underwritten public offering of 8,496,733 shares of its common stock at a price to the public of $153.00 per share. The gross proceeds from this offering are expected to be approximately $1.3 billion, before... More