Market Overview

Rockwood Board Authorizes New Share Buyback of Up to $500M

Rockwood Holdings (NYSE: ROC) today announced that its Board of
Directors has authorized a new share repurchase program of up to $500
million to be completed over two years. This program is in addition to
the $400 million share repurchase program recently completed in the
third quarter 2013.

Seifi Ghasemi, Chairman and Chief Executive Officer, commented, “As is
consistent with our guiding principle to deliver continued long term
shareholder value and a disciplined approach to redeploying our excess
cash on hand, we are pleased to announce this new $500 million share
repurchase authorization, which in addition to our quarterly cash
dividends, continues our commitment for an ongoing return of capital to
shareholders.”

See full press release

Posted-In: News Guidance Contracts Buybacks Management M&A Global

 

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