23 August 2012 14:45 [Source: ICIS news]
HOUSTON (ICIS)--Rockwood has agreed to acquire Australia's Talison Lithium for Canadian dollar (C$) 724m ($731m) in cash, the US-based specialty chemicals firm said on Thursday.
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Rockwood plans to finance the acquisition using existing cash on its balance sheet and new debt financing. The deal is subject to approval by Talison shareholders and other closing conditions.
($1 = C$0.99)
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