SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMCNet:  ROCKWOOD HOLDINGS, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout

[August 13, 2014]

ROCKWOOD HOLDINGS, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout

WILMINGTON, Del. --(Business Wire)--

Rigrodsky & Long, P.A.:

  • Do you own shares of Rockwood Holdings, Inc. (NYSE: ROC)?
  • Did you purchase any of your shares prior to July 15, 2014?
  • Do you think the proposed buyout price is too low?
  • Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Rockwood Holdings, Inc. ("Rockwood" or the "Company") (NYSE: ROC) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Albemarle Corporation ("Albemarl") (NYSE: ALB), in a transaction valued at approximately $6.2 billion.


Click here to learn more: http://www.rigrodskylong.com/investigations/rockwood-holdings-inc-roc.

Under the terms of the agreement, public shareholders of Rockwood would receive $50.65 in cash and 0.4803 shares of Albemarle for each share of Rockwood they own. Based on Albemarle's closing stock price on July 14, 2014, Rockwood shareholders would have received consideration valued at approximately $85.53 per share.

The investigation concerns whether Rockwood's board of directors failed to adequately shop the Company and obtain the best possible value for Rockwood's shareholders before entering into an agreement with Albemarle. According to Yahoo! Finance, at least one analyst has issued a price target for Rockwood stock at $93.00 per share.

If you own the common stock of Rockwood and purchased your shares before July 15, 2014, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at: http://www.rigrodskylong.com/investigations/rockwood-holdings-inc-roc.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.


[ Back To Technology News's Homepage ]

OTHER NEWS PROVIDERS







Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2014 Technology Marketing Corporation. All rights reserved | Privacy Policy