Rockwood Receives All Regulatory Approvals to Complete Talison Acquisition
PRINCETON, N.J. -- November 20, 2012
Rockwood Holdings, Inc. (NYSE: ROC), a global producer of specialty chemicals
and advanced materials, today announced that the government of Australia’s
Foreign Investment Review Board has given its approval for the acquisition of
Talison Lithium Limited (TXS: TLH) by Rockwood.
In making the announcement, Rockwood’s Seifi Ghasemi, Chairman and Chief
Executive Officer, said, “With this approval, Rockwood has obtained all
regulatory approvals and is therefore prepared to close the acquisition of
Talison as planned in mid-December. We are aware of the so-called competing
bid by another party. Rockwood has no intention of engaging in a bidding
process for the acquisition of Talison.
“The C$6.50 Canadian per share that we presented to Talison is our best and
final offer. We are confident that the Talison shareholders, when they meet on
November 29, will vote in favor of our proposal, which provides deal certainty
for the Talison shareholders. Rockwood has the cash in hand for the
acquisition, and now it also has all regulatory approvals. A vote against the
deal would be a lost opportunity for the Talison shareholders and could leave
them without any transaction. ”
Rockwood Holdings, Inc. is a leading global specialty chemicals and advanced
materials company. Rockwood has a worldwide employee base of approximately
10,300 people and annual net sales of approximately $3.7 billion. Rockwood
focuses on global niche segments of the specialty chemicals, pigments and
additives and advanced materials markets. For more information on Rockwood,
please visit www.rocksp.com.
The information set forth in this press release contains certain
“forward-looking statements” within the meaning of the Private Securities
Litigation Reform Act of 1995 concerning the business, operations and
financial condition of Rockwood Holdings, Inc. and its subsidiaries and
affiliates (“Rockwood”). Words such as “anticipates,” “believes,” “estimates,”
“expects,” “forecasts,” “predicts” and variations of such words or expressions
are intended to identify forward-looking statements. Although Rockwood
believes the expectations reflected in such forward-looking statements are
based upon reasonable assumptions, there can be no assurance that its
expectations will be realized. “Forward-looking statements” consist of all
non-historical information, including any statements referring to the
prospects and future performance of Rockwood, including without limitation,
the payment of future dividends. Actual results could differ materially from
those projected in Rockwood’s forward-looking statements due to numerous known
and unknown risks and uncertainties, including, among other things, the “Risk
Factors” described in Rockwood’s periodic reports on file with the Securities
and Exchange Commission. Rockwood does not undertake any obligation to
publicly update any forward-looking statement to reflect events or
circumstances after the date on which any such statement is made or to reflect
the occurrence of unanticipated events.
Rockwood Holdings, Inc.
Timothy McKenna, 609-734-6430
Press spacebar to pause and continue. Press esc to stop.