Rockwood Holdings (NYSE:ROC)
hasn't been shy in talking about its intentions to simplify its
operations around its high-quality lithium business and is surface
treatments business. With Monday's announcement of the sale of CeramTec
to a private equity buyer, Rockwood has taken a major step toward that
vision. While I would have preferred to see Rockwood keep CeramTec, the
company got a good price and should be relatively close to a sale of the
titanium dioxide and performance additives businesses, which will free
the company to repay debt and pursue M&A to beef up the surface treatments operations.
Please follow this link for more:
http://www.investopedia.com/stock-analysis/061713/rockwood-gets-its-deal-ceramtec-roc-mmm-sqm-dd-kyo.aspx
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