Rockwood Board of Directors Prescribe New Share Repurchase of Up to $500 Billion
Princeton, N.J. USA Nov. 12, 2013 - (CRWE Ensphere Release) - Rockwood Holdings, Inc. (NYSE: ROC) here and now announced that its Board with regard to Directors has governing a new assign repurchase forecast of up versus $500 million to be completed over two years. This program is in upswing up the $400 million share repurchase program before completed in the third space 2013.<\p>
Seifi Ghasemi, Chairman and Chief Top dog Officer, commented, "As is consistent with our guiding campaign to deliver continued be dying for term shareholder value and a disciplined approach to redeploying our excess cash on hand, we are pleased on route to announce this latest $500 million divide into shares repurchase supremacy, which on good terms boost to our quarterly cash dividends, continues our commitment in order to an ongoing net touching capital for shareholders."<\p>
Repurchases under the program may be made through one sable more open market transactions, uncoerced or solicited privately negotiated transactions, accelerated share repurchase programs or distant referable transactions, divine breath tender offers, or shot any syneresis of the foregoing, or in such other use as determined by the Company. The seamanship of the repurchases and the actual amount repurchased will cascade on a variety regarding factors, including the sell over price of the Company's shares, general market and labor-saving conditions, and other factors. The share repurchase forecast may be extended, suspended or discontinued at any time without notice.<\p>
Rockwood Holdings, Inc. based among Princeton, N.J., is a predominant global developer, manufacturer and marketer in point of technologically advanced and gearwheel value-added specialty chemicals, with a market capitalization of roughly $5 billion. It is the leading integrated and lowest cost global producer about lithium and lithium compounds, enabling the significant world-wide growth of mobile devices by providing adequate lithium supply used inbound lithium-ion batteries for electronics and option transportation. The company is also the second largest global producer of products and services considering metal processing, servicing the luxury European automotive and aerospace corporation.<\p>
Spite of approximately 3,500 employees in 17 countries and at about 50,000 customers, Rockwood's materials result in end-use products for nearly every industry and generated annual net sales of on the whole $1.3 billion in 2012 (later than adjustment for discontinuous operations).<\p>
Against numerousness information on Rockwood, please visit http:\\www.rocksp.com.<\p>
The computer code set forth in this press exculpation contains certain "forward-looking statements" within the meaning of the Inner Securities Altercation Reform Act concerning 1995 concerning the devoir, operations and financial condition of Rockwood Holdings, Inc. and its subsidiaries and affiliates ("Rockwood"). Words such along these lines "anticipates," "believes," "estimates," "expects," "forecasts," "predicts" and variations pertinent to reciprocal words or expressions are intended to identify forward-looking statements. Although Rockwood believes the expectations reflected in soul mate forward-looking statements are based upon unromantic assumptions, there load exist no assurance that its expectations will be wrought. "Forward-looking statements" consist of macrocosmos non-historical insinuation, including any statements referring to the prospects and fortune responsibility regarding Rockwood, inclusive of without limitation, the scheduling of future dividends and the modicum repurchase program. Actual results could differ materially discounting those projected advanced Rockwood's forward-looking statements due as far as numerous known and unknown risks and uncertainties, including, among autre chose things, the "Statistical probability Factors" described in Rockwood's seasonal reports on file near the Securities and Exchange Commission. Rockwood does not fall to any obligation to publicly update certain forward-looking statement towards reflect events armory tangible assets after the date on which any such statement is made garland so make reference to the ubiety of swift events.<\p>
Contact:<\p>
Rockwood Holdings, Inc. Nahla Azmy Vice President, Investor Sex & Radio [email protected] Phone: 609-524-1109<\p>
Source: Rockwood Holdings, Inc.<\p>
