in this issue
World News and Views :: Top of the News
Report: Rockwood canceling TiO2 sale, spin-off possible
11:11 AM MDT | June 21, 2013 | Vincent Valk
Rockwood is canceling the auction of its Sachtleben titanium dioxide (TiO2) and performance additives businesses after negotiations with private equity firms failed produce an acceptable offer, according to a Reuters report. Rocwkood was hoping to sell the businesses for about $2 billion, and had received interest from Bain Capital and Blackstone, among other private equity firms, prior reports had said. The report says that Rockwood is now considering a spin-off of the two businesses. Earlier this year, Rockwood chairman and CEO Seifi Ghasemi said that the...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee