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Stock Market & Financial Investment News

News Breaks
March 20, 2013
13:40 EDTROCRockwood combining two units for sale that may top $2B, Reuters reports
Rockwood Holdings (ROC) is preparing to sell two units that could may be worth over $2B, Reuters reports, citing people familiar with the matter. Rockwood is looking to sell its German titanium dioxide unit Sachtleben with its performance additives, Reuters added, with first bids for the combined businesses due at the end of April. Shares of Rockwood are up 1%, or 68c, to $64.58 following the Reuters' report. Reference Link
News For ROC From The Last 14 Days
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October 1, 2014
08:35 EDTROCHuntsman completes acquisition of Rockwood's additives business
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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.
September 22, 2014
08:21 EDTROCOZ Management reports 5.83% stake in Rockwood
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