Shareholders approve Albemarle-Rockwood merger
Published: Friday, 14 November 2014
The deal has received regulatory clearance for the deal from the European Commission and expects the transaction to close in Q1 2015, although it has committed to providing supplemental disclosures relating to the merger in order to avoid delays from law suits.
Shareholders of US-based chemical firms Albemarle Corp. and Rockwood Holdings Inc.
have approved the merger of the two
companies, it was announced today.
Both companies held special meetings with shareholders
respecting the merger plan, which provides that Baton
Rouge-based bromine industry leader Albemarle will pay $6.2bn
for New Jersey-headquartered lithium chemicals specialist