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Stock Market & Financial Investment News

News Breaks
November 20, 2012
16:11 EDTROCRockwood receives approval for acquisition of Talison Lithium in Australia
Rockwood Holdings announced that the government of Australia's Foreign Investment Review Board has given its approval for the acquisition of Talison Lithium by Rockwood. In making the announcement, Rockwood's Seifi Ghasemi, Chairman and Chief Executive Officer, said, "With this approval, Rockwood has obtained all regulatory approvals and is therefore prepared to close the acquisition of Talison as planned in mid-December. We are aware of the so-called competing bid by another party. Rockwood has no intention of engaging in a bidding process for the acquisition of Talison.
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September 10, 2014
17:04 EDTROCAlbemarle 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.
06:40 EDTROCEC approves Huntsman's acquisition of Rockwood's titanium dioxide businesses
Rockwood (ROC) announced that the European Commission has approved the previously announced sale of its Titanium Dioxide Pigments and four other non-strategic businesses to Huntsman (HUN) for an enterprise value of $1.275B, including the assumption of $225M in pension obligations. The European Commissionís conditional approval follows Huntsman entering into an agreement to sell its TR52 ink grade business to Henan Billions Chemicals. The transaction with Henan is expected to close shortly after the European Commissionís approval of the buyer. The Rockwood businesses being sold include Titanium Dioxide Pigments, Color Pigments & Services, Timber Treatment Chemicals, Rubber/Thermoplastics Compounding, and Water Chemistry. This transaction is expected to close in late September or early October.
06:35 EDTROCHuntsman $1.1B deal for Rockwood unit approved by EU, Reuters says
The European Commission approved Huntsman's (HUN) proposed $1.1B buyout offer for Rockwood's (ROC) titanium dioxide pigment division after agreeing to sell its global TR52 unit, according to Reuters, citing comments from the EU antitrust watchdog. Reference Link

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