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Stock Market & Financial Investment News

News Breaks
July 29, 2014
07:58 EDTALBAlbemarle upgraded to Buy from Hold at Topeka
As previously reported, Topeka upgraded Albermarle (ALB) to Buy from Hold. The firm expects shares to re-rate post the Rockwood (ROC) acquisition as overall growth improves and notes a recovery in bromine's key electronic end-markets. Price target raised to $91 from $68.
News For ALB From The Last 14 Days
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January 20, 2015
07:52 EDTALBAlbemarle announces new organizational structure and senior leadership team
Albemarle announced that as a result of the completion of its acquisition of Rockwood Holdings, it will realign its global business units, effective by the end of the Q1. The new structure aligns the company's strategic assets and businesses to be market focused. The new Albemarle structure will consist of three global business units, or GBUs: Chemetall Surface Treatment, Refining Solutions and Performance Chemicals. Consistent with the new organizational structure, the company also announced its senior leadership team, all reporting to President and CEO Luke Kissam. Joris Merckx will serve as president, Chemetall Surface Treatment. Silvio Ghyoot will serve as president, Refining Solutions. Michael Wilson will serve as president, Performance Chemicals. Matt Juneau will serve as senior vice president, Corporate Strategy and Investor Relations. The leadership team changes will become effective with the realignment of the global business units before the end of the Q1. In the interim, business and investor questions should be routed to the current contact.

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