1. Most Discussed
  2. Gainers & Losers
GXY $2.78

new Tianqui-Rockwood-Albemarle

  1. sillazze

    224 Posts.
    389
    I understand that to date the JV with Tianqui and so what refines Talison the headquarters of Jiangsu is the domain of Albemarle.
    if the big fish's eating small to have monopoly "maybe" there is glory for Galaxy which is not so little equipped.

    Form 10-Q for ROCKWOOD HOLDINGS, INC.
    8-Aug-2014
    Quarterly Report



    Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.
    This discussion contains forward-looking statements that involve numerous risks and uncertainties. Our actual results could differ materially from those discussed in the forward-looking statements as a result of these risks and uncertainties, including those set forth in Forward-Looking Statements" at the end of this Management's Discussion and Analysis ("MD&A") section and the risk factors section of our 2013 Annual Report on Form 10-K. You should read the following MD&A together with our condensed consolidated financial statements and the notes to those statements that appear elsewhere in this Quarterly Report.
    Executive Summary
    We are a global developer, manufacturer and marketer of technologically advanced and high value-added specialty chemicals. We serve more than 50,000 customers across a wide variety of industries and geographic areas. Prior to the completed and expected to be completed divestitures described below, we operated through five reportable segments: Lithium, Surface Treatment, Performance Additives, Titanium Dioxide Pigments and Advanced Ceramics. As a result of these completed and expected to be completed divestitures, we now operate through two reportable segments: (1) Lithium and (2) Surface Treatment.
    We are focused on growth, productivity, cost reduction, margin expansion, divestment of non-core businesses, re-investment in core businesses, bolt-on acquisitions and debt reduction to drive stockholder value. In connection with this focus, among other things:
    � During 2013, we sold our Advanced Ceramics segment and Clay-based Additives business, and entered into a definitive agreement to sell our Titanium Dioxide Pigments, Color Pigments and Services, Timber Treatment Chemicals, Rubber/Thermoplastics Compounding and Water Chemistry businesses (the "TiO2 Pigments and Other Businesses") with a current purchase price of $1.275 billion, including the assumption of $225 million in pension obligations, and subject to other adjustments. This transaction is expected to close in the third quarter of 2014, subject to the receipt of regulatory approval by the European Commission. The transaction is currently in phase II review by the European Commission.
    � Our condensed consolidated financial statements have been reclassified to reflect discontinued operations for Advanced Ceramics, Clay-based Additives and the TiO2 Pigments and Other Businesses for all periods presented. See Note 3, "Discontinued Operations," for further details.
    � In May 2014, we completed the purchase of a 49% equity interest in Windfield, which is the parent of Talison, thereby creating a joint venture with Tianqi giving the Company an indirect ownership interest in Talison with cash on hand for an aggregate amount of $512.1 million, which includes the original purchase price of $475.3 million plus an adjustment for net cash and certain other customary adjustments. Our ownership in the joint venture is accounted for under the equity method of accounting.

    � In the second quarter of 2014, we reorganized our Metal Sulfides business and began reporting it within the Surface Treatment segment. The Metal Sulfides business was previously reported in the "Other" category. As a result, the condensed consolidated financial statements have been reclassified to reflect this segment change for all periods presented.
    � In July 2014, the Company, Albemarle and Albemarle Holdings Corporation ("Merger Sub") entered into an Agreement and Plan of Merger (the "Merger Agreement"). The Merger Agreement provides that, upon the terms and subject to the conditions set forth therein, Merger Sub will merge with and into the Company, with the Company as the surviving entity (the "Merger"). As a result of the Merger, the Company will become a wholly-owned subsidiary of Albemarle.
    At the effective time of the Merger, each outstanding share of Rockwood common stock, subject to certain exceptions, will convert into the right to receive
    (x) $50.65 in cash, without interest, and (y) 0.4803 of a share of Albemarle common stock ((x) and (y) together, the "Merger Consideration"). Upon closing of the Merger, Albemarle shareholders will own approximately 70% of the combined company and Rockwood shareholders will own approximately 30%. The transaction is subject to shareholder and regulatory approvals and other customary closing conditions and is expected to close in the first quarter of 2015.

    reference links :

    http://www.businesswire.com/news/ho...9-Interest-Talison-Lithium-Joint#.VMuk3miG_Rs

    http://www.prnewswire.com/news-rele...quisition-of-rockwood-holdings-300019165.html

    http://www.prnewswire.com/news-rele...olicitation-for-rockwood-notes-300027825.html

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top

Thank you for visiting HotCopper

We have detected that you are running ad blocking software.


HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.