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SOURCE Pomerantz LLP
NEW YORK, July 15, 2014 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Rockwood Holdings, Inc. ("Rockwood" or the "Company") (NYSE: ROC) (ISIN: US7744151033) (CUSIP: 774415103) concerning the proposed acquisition of Rockwood by Albemarle Corporation.
Rockwood shareholders seeking more information about this acquisition are advised to contact Robert Willoughby at email@example.com or 212-661-1100 or 888-476-6529, ext. 237.
The investigation concerns whether the Rockwood directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the proposed acquisition, each outstanding share of Rockwood common stock will be exchanged for $50.65 in cash and 0.4803 of a share of Albemarle common stock, which values Rockwood at approximately $85.53 per share. However, an analyst recently set a price target for Rockwood of $93.00 per share.
Pomerantz LLP, with offices in New York, Chicago, Florida, and San Diego, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz LLP pioneered the field of securities class actions. Today, more than 75 years later, the Pomerantz LLP continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of defrauded investors. See www.pomerantzlaw.com.
212-661-1100 ext. 237
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