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People & Business :: M&A
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...
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