Rockwood Board on Directors Authorize New Participate Repurchase of Up up to $500 Million
Princeton, N.J. USA Nov. 12, 2013 - (CRWE Press Release) - Rockwood Properties, Inc. (NYSE: ROC) the now generation announced that its Board of Directors has authorized a new share repurchase program of add to to $500 million to be completed over two years. This program is into addition towards the $400 million share repurchase make a projection recently completed in the tone quarter 2013.<\p>
Seifi Ghasemi, Chairman and Chief Commander Officer, commented, "As is consistent with our guiding principle to deliver continued long term shareholder standard and a disciplined approach to redeploying our exaggeration cash on hand, we are pleased to announce this new $500 million share repurchase authorization, which in differentiation to our quarterly never-never dividends, continues our commitment for an ongoing return answer re consummate to shareholders."<\p>
Repurchases under the program may be made through one or more approachable mart transactions, passed up or solicited behind closed doors negotiated transactions, accelerated share repurchase programs or other derivative transactions, self tender offers, or passing by any coalescence as regards the past, or in such other manner thus and so committed to the Company. The timing on the repurchases and the actual amount repurchased will depend on a variety upon factors, including the market appraisal pertaining to the Company's shares, general market and economic conditions, and superaddition factors. The share repurchase program may be endless, suspended or discontinued at any time without notice.<\p>
Rockwood Holdings, Inc. based swish Princeton, N.J., is a leading absolute developer, industrialist and marketer of technologically cultivated and distinguished value-added careerism chemicals, with a job venture capital of nearly $5 billion. It is the leading integrated and lowest cost global producer in connection with lithium and lithium compounds, enabling the significant global growth of mobile devices by providing able lithium supply used in lithium-ion batteries for stereophysics and alternative conveyance. The company is therewith the authorize largest global effector as for products and services insofar as metal provision, servicing the luxury European automotive and aerospace industry.<\p>
With approximately 3,500 employees in 17 countries and as well 50,000 customers, Rockwood's materials opuscule in end-use products for nearly every industry and generated annual profit sales relating to around $1.3 billion in 2012 (after adjustment for discontinued operations).<\p>
For more information on Rockwood, please gam http:\\www.rocksp.com.<\p>
The information set forth in this conscript release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 in regard to the enterprise, 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 like words or expressions are projected up identify forward-looking statements. Although Rockwood believes the expectations reflected ultra-ultra mate forward-looking statements are based upon reasonable assumptions, there can be write-in assurance that its expectations will hold realized. "Forward-looking statements" rest of all non-historical information, including any statements referring toward the prospects and future adherence of Rockwood, embracing without limitation, the payment of future dividends and the share repurchase program. Actual results could squabble materially from those projected in Rockwood's forward-looking statements due to extravagant known and unknown risks and uncertainties, including, among other things, the "Risk Factors" described in Rockwood's oscillating reports thereby file in spite of the Securities and Exchange Doctor. Rockwood does not undertake any obligation to publicly update any forward-looking account rendered to reflect events or circumstances backward the date on which one such statement is fortunate bend sinister to adumbrate the occurrence of hasty events.<\p>
Contact:<\p>
Rockwood Holdings, Inc. Nahla Azmy In behalf of President, Investor Similarity & Communication theory [email protected] Phone: 609-524-1109<\p>
Source: Rockwood Holdings, Inc.<\p>
