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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
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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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