Albemarle Corp. (ALB) Declares $0.275 Quarterly Dividend; 1.5% Yield

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Go back to Albemarle Corp. (ALB) Declares $0.275 Quarterly Dividend; 1.5% Yield

Albemarle (ALB) to Acquire Rockwood (ROC) in $6.2B Deal

July 15, 2014 6:02 AM EDT

Albemarle (NYSE: ALB) and Rockwood Holdings, Inc. (NYSE: ROC) announced that they have entered into a definitive agreement under which Albemarle will acquire all outstanding shares of Rockwood in a cash and stock transaction valued at approximately $6.2 billion. This combination reflects both companies' commitment to drive sustainable growth, creating one of the world's premier specialty chemicals companies, with market-leading positions across four high-margin businesses: lithium, catalysts, bromine and surface treatment.

Under the terms of the transaction, each outstanding share of Rockwood common stock will be exchanged for... More