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Rockwood Holdings, Inc Enters Into Definitive Agreement With Huntsman Corporation to Sell Its Titanium Dioxide Pigments And Other Non-Strategic Businesses

Tuesday, 17 Sep 2013 06:00am EDT 

Rockwood Holdings, Inc announced that it has entered into a definitive agreement to sell its Titanium Dioxide Pigments and four other non-strategic businesses to Huntsman Corporation, a global specialty chemical company, for an enterprise value of $1.325 billion, including the assumption of $225 million in pension obligations, and subject to other customary adjustments. This transaction is expected to close during the first half of 2014, following receipt of regulatory approvals. 

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