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Albemarle Completes Merger with Rockwood Holdings

Albemarle, January 13, 2015

Albemarle Corporation has announced that it has completed its acquisition of Rockwood Holdings, Inc. pursuant to the terms of their previously announced Agreement and Plan of Merger dated as of July 15, 2014 (the "Merger Agreement").  

"Today is a great day for Albemarle as we welcome our new employees and join forces to create a premier specialty chemicals company," commented Albemarle's president and CEO, Luke Kissam.  "Our combined world-class team, expanded customer reach and increased diversity across end markets, technologies and geographies positions Albemarle to drive long-term growth and produce great results for our employees, customers, shareholders and the communities in which we operate.  We look forward to the future."

Under the terms of the Merger Agreement, Rockwood has become a wholly-owned subsidiary of Albemarle and each previously outstanding share of Rockwood common stock (other than shares with respect to which appraisal rights were exercised and not withdrawn) has been converted into the right to receive $50.65 in cash, without interest, and 0.4803 of a newly issued share of Albemarle common stock (together, the "Merger Consideration").  As a result of the completion of the transaction, Rockwood shares will cease trading on and will be delisted from the New York Stock Exchange.  Wells Fargo, the exchange agent for the transaction, will be communicating with the record holders of Rockwood stock with instructions as to how to exchange their Rockwood shares for the Merger Consideration.

Click here to read the full article from Albemarle.


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