Morgan & Morgan Announces the Investigation of the Proposed Acquisition of Rockwood Holdings, Inc. ROC
NEW YORK, July 16, 2014 /PRNewswire/ -- Morgan & Morgan announces that it is investigating potential claims against the Board of Directors of Rockwood Holdings, Inc. ("Rockwood" or the "Company") (NYSE: ROC) concerning the proposed acquisition of the Company by Albemarle Corporation ("Albemarle"). Under the terms of the transaction, Rockwood stockholders will receive approximately 0.4803 per share of each Albemarle share and $50.65 cash for each share of Rockwood, for a combined worth of about $85.53.
Morgan & Morgan's investigation concerns whether the Rockwood Board of Directors breached its fiduciary duties to act in the best interest of Rockwood shareholders.
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SOURCE Morgan & Morgan