Seeking Alpha

Albermarle to purchase Rockwood Holdings for $6.2B

  • Albermarle (NYSE:ALB) has agreed to purchase rival Rockwood Holdings (NYSE:ROC) in a cash-and-stock deal for approximately $6.2B.
  • The agreement values Rockwood at $85.53 per share - a 13% premium to its yesterday's closing price. Albemarle will pay $50.65 in cash and 0.4803 shares for each share of Rockwood stock.
  • Rockwood announced net sales of $355M for Q1; Albemarle posted $656M.
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