ROC: Rockwood Holdings, Inc. Instablogs

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Sunday, June 16, 12:06 PM Rockwood Holdings (ROC) is selling CeramTec, its advanced ceramics business to PE firm Cinven for €1.49B ($1.98B). "Successful execution of this transaction at an attractive multiple will bring Rockwood one significant step closer to our strategic objective and commitment to become a more focused specialty chemical company with a growth portfolio that best maximizes value and returns for our shareholders. We expect to use the substantial net cash proceeds to support our balanced approach to debt reduction, return of capital to shareholders and re-investment in our complementary growth core businesses." (PR, earlier coverage) Comment! [Breaking News, M&A, Top Stories]
Friday, June 14, 3:56 PM PE firm Cinven is in exclusive talks to buy CeramTec, the industrial ceramics unit of chemicals maker Rockwood Holdings (ROC +1.8%), for ~€1.5B ($2B), beating out rival PE firm BC Partners, Reuters reports. A deal could be announced in the next few days, but the talks also could still fall apart. Comment! [Commodities, M&A, On the Move]
Wednesday, May 22, 5:50 PM Rockwood Holdings (ROC) declares $0.40/share quarterly dividend, in line with previous. Forward yield 2.37%. For shareholders of record June 04. Payable June 19. Ex-div date May 31. (PR) Comment! [Dividends]
Monday, May 20, 6:55 PM Rockwood Holdings' (ROC) pigments businesses have attracted offers from buyout firms including Blackstone (BX) and Advent International, Reuters reports. ROC is packaging its Sachtleben titanium dioxide unit with its color additives units and is hoping to sell or spin off the businesses by the end of the year for as much as $2B. 1 Comment [Commodities, M&A]
Tuesday, April 30, 6:33 AM Rockwood Holdings (ROC): Q1 EPS of $0.68 beats by $0.01. Revenue of $934.6M (+2.8% Y/Y) beats by $25.93M. (PR) Comment! [Earnings, Breaking News, Financials]
Tuesday, April 30, 12:05 AM Notable earnings before Tuesday’s open: ABFS, AET, AGCO, AMED, ARCO, AVP, BEN, BP, CIE, CMI, CNH, COCO, CRIS, CYNO, DBD, DDD, DPZ, ECL, EPD, ESV, EXAS, FCH, FIS, FLWS, GAS, GOV, HCLP, HCP, HEP, HNR, HOT, HRS, HUN, HW, IVZ, KLIC, LM, MCGC, MHP, MLM, MNTA, MPC, MPLX, MSO, MTG, MTOR, MWV, NEE, NI, NYX, ODP, OSK, PBI, PEG, PES, PFE, ROC, SAVE, SIRI, TFX, THC, TRI, TRW, UBS, UDR, VLO, VSH, WEC, X, XYL, ZTS Comment! [Earnings]
Monday, April 29, 5:30 PM Notable earnings before Tuesday’s open: ABFS, AET, AGCO, AMED, ARCO, AVP, BEN, BP, CIE, CMI, CNH, COCO, CRIS, CYNO, DBD, DDD, DPZ, ECL, EPD, ESV, EXAS, FCH, FIS, FLWS, GAS, GOV, HCLP, HCP, HEP, HNR, HOT, HRS, HUN, HW, IVZ, KLIC, LM, MCGC, MHP, MLM, MNTA, MPC, MPLX, MSO, MTG, MTOR, MWV, NEE, NI, NYX, ODP, OSK, PBI, PEG, PES, PFE, ROC, SAVE, SIRI, TFX, THC, TRI, TRW, UBS, UDR, VLO, VSH, WEC, X, XYL, ZTS 1 Comment [Earnings]
Wednesday, April 3, 5:35 PM After-hours top gainers, as of 5:15 p.m.: CCG +8%. ANV +5%. AVEO +4%. GFI +3%. VALE +2%.
After-hours top losers: SFUN -6%. IMUC -3%. CPWR -3%. LSE -3%. ROC -2%. Comment! [On the Move]
Friday, March 22, 8:54 AM Specialty chemicals company Rockwood Holdings (ROC) has repaid $509M in debt using available cash. CEO Seifi Ghasemi noted that the debt repayment is evidence that the company is moving forward with its goal to deleverage the balance sheet in 2013. Comment! [Commodities]
Wednesday, March 20, 2:10 PM Rockwood Holdings (ROC +0.9%) is preparing to sell two units that could fetch more than $2B, Reuters reports, including its German titanium dioxide unit Sachtleben; first bids for the combined businesses are expected at the end of April. The assets, which ROC believes can create significant synergies by merging, are likely to attract interest mainly from PE firms, sources say.
Comment! [Commodities]
Monday, February 25, 8:52 AM Rockwood Holdings, Inc. (ROC) declares $0.40/share quarterly dividend, 14.3% increase from prior dividend of $0.35. Forward yield 2.69%. For shareholders of record Mar. 07. Payable Mar. 22. Ex-div date Mar. 05. (PR) 1 Comment [Dividends]
Tuesday, February 19, 6:36 AM Rockwood Holdings (ROC): Q4 EPS of $0.47 misses by $0.01. Revenue of $829M (+1.8% Y/Y) beats by $39M. (PR) Comment! [Earnings, Breaking News]
Tuesday, February 19, 12:05 AM Notable earnings before Tuesday’s open: ACT, BCRX, DCIX, FUN, GPC, MDT, MRGE, NGPC, NI, NM, ROC, SAVE, SEE, WAB, WIN, XEC, YNDX Comment! [Earnings]
Monday, February 18, 5:30 PM Notable earnings before Tuesday’s open: ACT, BCRX, DCIX, FUN, GPC, MDT, MRGE, NGPC, NI, NM, ROC, SAVE, SEE, WAB, WIN, XEC, YNDX Comment! [Earnings]
Friday, February 8, 5:43 PM After-hours top gainers, as of 5:15 p.m.: WR +5%. IDIX +3%. MTG +2%. GOL +2%. MTGE +2%.
After-hours top losers: MERU -3%. ROC -2%. MELI -2%. BG -2%. INFN -2%. Comment! [On the Move]
Friday, February 8, 12:52 PM Rockwood Holdings (ROC +6.8%) pops higher after a Bloomberg report says it is considering the sale of its Germany-based CeramTec ceramic materials unit generating $550M in annual revenue. The unit could be valued at ~$1B based on the average multiple paid in ceramic products deals in North America and western Europe in the last five years. Comment! [Commodities, On the Move]

ROC Rockwood Holdings, Inc.

ROC

Rockwood Holdings, Inc.