Key Developments: Albemarle Corp (ALB)

ALB on New York Consolidated

26 Dec 2014
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$0.41 (+0.68%)
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Latest Key Developments (Source: Significant Developments)

Albemarle announces closing of 700 mln euros notes offerings
Monday, 8 Dec 2014 05:26pm EST 

Albemarle Corporation:Closes a notes offering consisting of 700 mln euors of 1.875 pct notes due 2021.Company intends to use net proceeds from the offering, together with borrowings, to finance the aggregate cash consideration of the previously announced acquisition of Rockwood Holdings, Inc. and pay related fees and expenses.  Full Article

Albemarle announces closing of $1.025 bln senior notes offerings
Monday, 24 Nov 2014 12:08pm EST 

Albemarle Corp:Closes an underwritten public offering of unsecured, unsubordinated notes consisting of;.$250 million of 3.000 pct notes due 2019.$425 million of 4.150 pct notes due 2024, and.$350 million of 5.450 pct notes due 2044.Company intends to use net proceeds from offering, together with other borrowings.Says to finance aggregate cash consideration of previously announced acquisition of Rockwood Holdings, Inc., pay related fees and expenses and repay its outstanding $325 mln in aggregate principal amount of 2015 senior unsecured notes.Company intends to repay certain borrowings with cash on hand of Rockwood and the company.Joint book-running managers for the offering were: Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC.  Full Article

Albemarle Corp reaffirms FY 2014 earnings outlook - Conference Call
Thursday, 23 Oct 2014 09:00am EDT 

Albemarle Corp:Says it right on track to achieve FY 2014 earnings growth, well within the 2 pct to 7 pct range that forecasted in Jan.FY 2014 EPS of $4.15 - Thomson Reuters I/B/E/S.  Full Article

Albemarle Corporation announces quarterly dividend
Tuesday, 14 Oct 2014 10:38pm EDT 

Albemarle Corporation:Says that it has declared a quarterly dividend of $0.275 per share.The dividend is payable Jan. 2, 2015, to shareholders of record at the close of business as of Dec. 15, 2014.  Full Article

Albemarle Corp completes acquisition of Albemarle Antioxidants, Ibuprofen and Propofol businesses
Tuesday, 2 Sep 2014 07:55am EDT 

SI Group, Inc:Completes acquisition of the Antioxidants, Ibuprofen, Propofol, and related businesses of Albemarle Corp.  Full Article

Albemarle and ICL to form polymeric flame retardant manufacturing joint venture
Friday, 29 Aug 2014 05:00am EDT 

Albemarle Corp and ICL:Enters into an agreement to establish a manufacturing joint venture for the production of ICL's FR-122P polymeric flame retardant and Albemarle's GreenCrest(tm) polymeric flame retardant.Joint venture and its partners will own and operate a 2,400 MT per year Netherlands plant, which is currently operating, and a 10,000 MT per year Israel plant, which is scheduled to come on line in the 4thquarter of 2014.  Full Article

Albemarle Corp gives Q2 2014 mixed outlook
Tuesday, 15 Jul 2014 06:10am EDT 

Albemarle Corp:Expects Q2 2014 earnings in the range of $86 - $88 mln, or $1.08 to $1.11 per share, excluding discontinued operations, special and non-operating pension and OPEB items.Expects Q2 2014 net sales, adjusted for discontinued operations, of about $605 mln.Q2 2014 net income of $79.02 mln, EPS of $0.99, revenue of $646 mln - Thomson Reuters I/B/E/S.  Full Article

Albemarle Corp to acquire Rockwood Holdings Inc
Tuesday, 15 Jul 2014 06:00am EDT 

Albemarle Corp and Rockwood Holdings Inc:Have entered into a definitive agreement under which Albemarle will acquire all outstanding shares of Rockwood in a cash and stock transaction valued at about $6.2 billion.Under the terms of the transaction, 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.The transaction values Rockwood at $85.53 per share, a 13 pct premium based on July 14 closing stock prices.Upon closing of the transaction, Albemarle shareholders will own about 70 pct of the combined company and Rockwood shareholders will own about 30 pct.  Full Article

Albemarle announces quarterly dividend
Monday, 14 Jul 2014 04:03pm EDT 

Albemarle Corp:Declares a quarterly dividend of $0.275 per share.Payable Oct. 1, to shareholders of record at the close of business as of Sept. 15.  Full Article

Albemarle Corp announces quarterly dividend
Tuesday, 13 May 2014 04:03pm EDT 

Albemarle Corp:Declared a quarterly dividend of $0.275 per share.Payable July 1, to shareholders of record of June 13.  Full Article

New Issue- Albemarle prices 700 mln euro 2021 bond

Underlying govt bond Over the Midswaps, equivalent to 172.2 basis points

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