ROCKWOOD SHAREHOLDER ALERT - Buyout Of Rockwood Holdings Inc. (NYSE: ROC) - National Securities Law Firm Seeks Higher Price For Shareholders
NEW YORK, July 15, 2014 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, has announced that it is investigating the acquisition of Rockwood Holdings Inc. (NYSE: ROC) on behalf of investors. Albemarle Corporation and Rockwood have entered into a definitive agreement under which Albemarle will acquire all outstanding shares of Rockwood in a cash and stock transaction. Under the terms of the transaction, each outstanding share of Rockwood common stock will be exchanged for $50.65 in cash and 0.4803 of a share of Albemarle common stock. The transaction values Rockwood at $85.53 per share
The investigation concerns whether the senior management and board of directors of Rockwood engaged in a full and fair auction and process to insure that shareholders received the maximum value for their shares, and whether the implied price of $85.53 is unfairly low. Indeed, analysts have projected that the true going forward inherent value of the company is worth at least $93 per share.
If you are a shareholder of Rockwood and would like additional information as to how the acquisition may affect your rights as a shareholder, please call us at no cost at:
Tripp Levy PLLC
New York, New York
Toll free: 800-511-7037
International: 602-241-2841
Email: [email protected]
www.tripplevy.com
Tripp Levy PLLC represents individual and institutional shareholders and, along with its affiliates, has recovered billions of dollars for shareholders in similar actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. Attorney advertising. Prior results do not indicate a similar outcome.
SOURCE Tripp Levy PLLC
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article