Rockwood board approves $400-million share repurchase program

Rockwood Holdings says its board of directors has approved a $400-million common stock share repurchase program for 2013. "Based upon the strength of our balance sheet and our ability to generate cash, the board has authorized the stock repurchase program," says Seifi Ghasemi, Rockwood chairman and CEO. "This approval demonstrates our strong belief that the current Rockwood share price offers outstanding value and will enable us to use some of our existing cash to unlock value for our...

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