|By Marketwired .||
|August 13, 2014 12:12 PM EDT||
NEW YORK, NY -- (Marketwired) -- 08/13/14 -- Levi & Korsinsky notifies investors of Rockwood Holdings, Inc. ("Rockwood" or "the Company") (NYSE: ROC) of claims of breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Albemarle Corporation. A complaint was filed in Delaware state court.
Click here to learn more about the investigation: http://zlk.9nl.com/rockwood-holdings-roc, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Rockwood shareholders will receive $50.65 in cash and 0.4803 of a share of Albemarle common stock for each share of Rockwood they own, representing a value of $85.53 per share. The claims concern whether the Board of Rockwood breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Albemarle Company is underpaying for Rockwood shares. In particular, at least one analyst set a price target for Rockwood stock at $93.00 per share.
If you own Rockwood common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/rockwood-holdings-roc.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
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