New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 15, 2014
08:54 EDTALB, ROCAlbemarle says Rockwood merge to be accretive to cash earnings in first year
Albemarle (ALB) says it views its merge with Rockwood (ROC) as a "decisive move." Says transactions accelerates growth, enhances earnings profile and doubles Albemarle's size. Expects revenue growth to be well above GDP. Says "well positioned" for core earnings growth drivers to drive business. Says the transaction will generate "strong" free cash flow to allow for the company to continually invest in key growth drivers. Says transaction will enable to Albemarle to have more consistent and predictable earnings growth to drive long-term value creation going forward. Expects transaction to be accretive to cash earnings in the first year and adjusted EPS in the second year. Says combined company will create $500M in cash flow on a pro forma basis in first year, rising substantially going forward as the company grows. Expects the transaction to generate cost synergies of $100M to be fully realized in 2016. Comments made during the conference call in which Albemarle and Rockwood discussed their merger.
News For ALB;ROC From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 1, 2014
08:35 EDTROCHuntsman completes acquisition of Rockwood's additives business
Subscribe for More Information
08:35 EDTROCRockwood completes sale of titanium dioxide pigments business to Huntsman
Rockwood Holdings (ROC) announced that it completed the previously announced sale of the Titanium Dioxide Pigments and four other non-strategic businesses to Huntsman Corporation (HUN) for an enterprise value of $1.275B, including the assumption of $225M in pension obligations. The Rockwood businesses being sold include Titanium Dioxide Pigments, Color Pigments & Services, Timber Treatment Chemicals, Rubber/Thermoplastics Compounding, and Water Chemistry. Rockwood received net cash proceeds of $950M, which is subject to certain potential post-closing adjustments.
September 30, 2014
18:27 EDTROCHuntsman gets final EU approval for acquisition of Rockwood's additives business
Huntsman (HUN) announced that it has received final clearance and approval from the European Commission to acquire the Performance Additives and Titanium Dioxide businesses of Rockwood Holdings (ROC). The acquisition is expected to close October 1, 2014.
08:35 EDTALBAlbemarle and subsidiary to increase prices of COMPALOX by an average of 10%
Albemarle and its subsidiary, Martinswerk, announced that it will increase prices on all shipments globally of COMPALOX products by an average of 10% and PERGOPAK products by an average of 8.5%, effective immediately, or as contracts allow.
September 22, 2014
08:21 EDTALB, ROCOZ Management reports 5.83% stake in Rockwood
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use