Rockwood sees maintaining divided yield around 2.8%-3.2% with cash on hand Says plans to use up to $400M to buy back shares and up to $600M to pay down highest cost debt, with balance of cash on had used for general corporate purposes and to maintain dividend yield around 2.8%-3.2%. Comments from slides in regulatory filing related to investor day.
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Cinven in talks for Rockwood unit, Reuters says Cinven is in exclusive talks to buy Rockwood Holdings' CeramTec industrial ceramics unit for about $2B, reports Reuters, citing three people familiar with the matter. Reference Link
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