BATON ROUGE, La. -- The federally mandated antitrust review waiting period for Albemarle Corp.'s $6.2 billion acquisition of Rockwood Holdings Inc. has passed.
Albemarle President and Chief Executive Office Luke Kissam tells The Advocate (http://bit.ly/1xNkWNW ) this is another important step towards completion of the transaction with Rockwood to create a premier specialty chemicals company.
Baton Rouge-based Albemarle announced the acquisition on July 15. The company announced Wednesday that the antitrust waiting period ended on Sept. 8.
Albemarle has offered $50.65 in cash and 0.48 shares of Albemarle stock for each share of Rockwood.
Albemarle and Rockwood shareholders must still sign off on the acquisition. Albemarle has said it expects to complete the deal in the first quarter of 2015.
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