Albemarle says sale of assets to SI Group was due to a need to consolidate The company said consolidation and/or integration was needed to drive profitability. Expects natural gas to Jordan Bromine Company to be start around 2017. Expects to continue to enter into accelerated share repurchases in the next few quarters, including a $100M share repurchase in May, completed by July time frame. Targets to reduce working capital by $100M by 2020. Sees FY14 CapEx to decline to $100M-$125M. Comments taken from Q1 earnings conference call.
News For ALB From The Last 14 Days
Check below for free stories on ALB the last two weeks.
Albemarle announces expiration of HSR waiting period for Rockwood acquisition Albemarle (ALB) announced the expiration of the waiting period for U.S. antitrust review under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection with the company's previously announced acquisition of Rockwood Holdings (ROC). The waiting period expired at 11:59 P.M. Eastern Daylight Time on September 8.