Contact Center Industry News

TMCNet:  SHAREHOLDER ALERT: Brower Piven Announces The Investigation Of Rockwood Holdings Inc. In Connection With The Proposed Sale Of The Company

[July 22, 2014]

SHAREHOLDER ALERT: Brower Piven Announces The Investigation Of Rockwood Holdings Inc. In Connection With The Proposed Sale Of The Company

STEVENSON, Md. --(Business Wire)--

The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the board of directors of Rockwood Holdings, Inc. ("Rockwood" or the "Company") (NYSE: ROC) relating to the proposed buyout of the Company by Albemarle Corporation ("Albemarle").

On July 15, 2014, Rockwood and Albemarle announced that they had entered into a definitive agreement pursuant to which Albemarle will acquire all outstanding shares of Rockwood in a cash and stock transaction valued at approximately $6.2 billion.

Under the terms of the transaction, 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 uly 14, 2014 closing stock price, Rockwood shareholders would have received consideration valued at approximately $85.53 per share.

According to Yahoo! Finance, at least one analyst has issued a price target for Rockwood stock at $93.00 per share.

The firm's investigation seeks to determine, among other things, whether the Company's board of directors breached their fiduciary duties by failing to maximize shareholder value before agreeing to enter into this transaction, and whether Albemarle is underpaying for Rockwood shares.

If you currently own common stock of Rockwood and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, please visit our website at You may also request more information by contacting Brower Piven either by email at or by telephone at (410) 415-6616.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.

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