KKR to sell half of its stake in Rockwood Holdings
(Reuters) - Rockwood Holdings Inc (ROC.N) said its shareholder Kohlberg Kravis Roberts & Co (KKR.N) will sell almost half of the stake it owns in the specialty chemicals maker, sending its shares down 2 percent in extended trading.
Kohlberg Kravis -- an asset management company -- owns about 21 percent stake, or 15.9 million shares in Rockwood Holdings.
Goldman Sachs & Co is serving as sole book running manager of the offering, the company said.
Rockwood Holdings, which makes inorganic chemicals and solutions and engineered materials, posted its seventh straight market-topping quarterly results last week.
The shares of the New Jersey-based company closed at $55.72 on Monday on the New York Stock Exchange.
(Reporting by Vaishnavi Bala in Bangalore; Editing by Prem Udyaabhanu)
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