ALBEMARLE CORPORATION (NYSE:ALB) Files An 8-K Completion of Acquisition or Disposition of Assets
Item 2.01. Completion of Acquisition or Disposition of Assets.
completed the previously announced sale of its Chemetall Surface
Treatment business to BASF SE in consideration of approximately
$3.2 billion in cash, less estimated purchase price adjustments,
to the terms of the Share Purchase Agreement dated June 17, 2016
among the Company and BASF SE.>The pro forma financial
information required by Item 9.01(b) of Form 8-K is attached
hereto as Exhibit 99.1.
September 30, 2016 and unaudited pro forma consolidated
statements of income for the nine months ended September 30, 2016
and year ended December 31, 2015 are filed as Exhibit 99.1 and
incorporated by reference herein.
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Exhibit No.
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Description
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99.1
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Unaudited Pro Forma Condensed Consolidated Financial
Statements. |
About ALBEMARLE CORPORATION (NYSE:ALB)
Albemarle Corporation is a developer, manufacturer and marketer of specialty chemicals across a range of end markets, including the petroleum refining, consumer electronics, energy storage, construction, automotive, steel and aerospace, lubricants, pharmaceuticals, heating, ventilation, and aluminum finishing. The Company operates through three segments: Performance Chemicals, Refining Solutions and Chemetall Surface Treatment. Its Performance Chemicals segment consists of three product categories: Lithium, Performance Catalyst Solutions and Bromine. Its Refining Solutions Segment offers two product lines, including Clean Fuels Technologies, which is composed of hydroprocessing catalysts, and Heavy Oil Upgrading, which is composed of fluidized catalytic cracking (FCC) catalysts and additives. Its Chemetall Surface Treatment segment operates under the Chemetall brand name and is a supplier of applied surface treatments and services for metal, plastic and glass substrates. ALBEMARLE CORPORATION (NYSE:ALB) Recent Trading Information
ALBEMARLE CORPORATION (NYSE:ALB) closed its last trading session down -0.49 at 90.63 with 974,030 shares trading hands.