Rockwood Agrees to Sell Electronics Business to OM GroupSale Agreement • October 11th, 2007 • Rockwood Specialties Group Inc • Chemicals & allied products
Princeton, NJ, October 8, 2007—Rockwood Holdings, Inc. (NYSE: ROC) has entered into a definitive agreement to sell its electronics business, excluding its business entity in France, to OM Group, Inc. (NYSE: OMG) for approximately $265 million, subject to customary adjustments. Rockwood’s French electronics business is subject to a put option at the discretion of Rockwood for an additional purchase price, for combined consideration of approximately $315 million.
