ROCKWOOD SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Rockwood Holdings Inc. Over the Proposed Sale of the Company to Albemarle Corporation
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Rockwood Holdings Inc.
NEW YORK, July 16, 2014 /PRNewswire/ -- Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Rockwood Holdings Inc. ("Rockwood" or the "Company") (NYSE: ROC) for potential breaches of fiduciary duties in connection with the sale of the Company to Albemarle Corporation (NYSE: ALB) for approximately $6 billion. The Company's stockholders will receive $50.65 in cash and 0.4803 of Albemarle common stock for each share of Rockwood common stock they own, with a combined value of roughly $80.30 per share based on Albemarle's closing price on Monday, July 14, 2014. However, according to Yahoo! Finance, at least one analyst has set a price target of $93.00 for the Company's stock price.
Click here for more information: www.faruqilaw.com/ROC. There is no cost or obligation to you.
The investigation focuses on whether Rockwood's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Rockwood's shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.
If you own common stock in Rockwood and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/ROC or contact Juan E. Monteverde, Esq. either via e-mail at [email protected] or by telephone at (877) 247-4292 or (212) 983-9330.
Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
[email protected]
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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SOURCE Faruqi & Faruqi, LLP
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