Albermarle to Acquire Rockwood for $6.2 BillionBy
Albemarle Corporation and
Under the terms of the transaction, each outstanding share of Rockwood common stock will be exchanged for
Luke Kissam will serve as president and chief executive officer of the combined company, which will operate under the Albemarle name. Albemarle’s board of directors will have 11 members, with eight Albemarle directors and three Rockwood directors. Jim Nokes will continue to serve as Albemarle’s non-executive chairman.