Simpson Thacher Aids Rockwood On $732M Lithium Co. Buy

Law360, New York (August 23, 2012, 1:45 PM EDT) -- New Jersey specialty chemical maker Rockwood Holdings Inc. has acquired Australia-based global lithium producer Talison Lithium Ltd. for roughly $732 million in an all-cash transaction, both companies announced Thursday.

Rockwood has agreed to pay roughly CA$6.50 (US$6.56) per share to purchase all the outstanding shares of Talison, which is based in Perth but trades on the Toronto Stock Exchange. The deal, which has been approved by Talison's board of directors, now goes to company shareholders for final approval.

The proposed purchase price is a 53 percent...
To view the full article, register now.