|[July 15, 2014]
ROCKWOOD SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Believe the Acquisition by Albemarle May be Unfair to Shareholders
DALLAS --(Business Wire)--
Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers
Taylor LLP are investigating potential claims against the Board of
Directors of Rockwood Holdings, Inc. ("Rockwood") (NYSE: ROC) concerning
the acquisition by Albemarle Corp. Under the terms of the agreement,
valued at approximately $6.2 billion, Rockwood shareholders will only
receive $50.65 in cash and 0.4803 of a share for each Rockwood share
owned. The total consideration amounts to about $85.53 based on the
previous closing price of Albemarle Corp, hich is significantly lower
than at least one analyst's estimated value of $93.00.
If you are an affected investor, and you want to learn more about the
investigation or if you have information that you believe would be
helpful to our investigation of the fairness of the proposed
transaction, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214)
239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com,
or Patrick Powers at Powers Taylor LLP, toll free (877) 728-9607, via
e-mail at email@example.com.
There is no cost or fee to you.
The investigation centers on whether Rockwood's Board of Directors is
acting in the shareholders' best interests, whether the board considered
alternatives to the acquisition, and whether the board has employed an
adequate process to review and act on the proposed transaction. Notably,
at least one analyst with Yahoo! Finance believes the true inherent
value of Rockwood could be as high as $93.
Briscoe Law Firm, PLLC is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience
in complex litigation and transactional matters.
Taylor LLP is a boutique litigation law firm that handles a variety
of complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits,
and security class actions.
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