Annuncio • May 07
Albemarle Corporation announces Quarterly dividend, payable on July 01, 2026 Albemarle Corporation announced Quarterly dividend of USD 0.4050 per share payable on July 01, 2026, ex-date on June 12, 2026 and record date on June 12, 2026. Annuncio • Apr 07
Albemarle Corporation to Report Q1, 2026 Results on May 06, 2026 Albemarle Corporation announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 06, 2026 Annuncio • Mar 25
Albemarle Corporation Announces Director James O’Brien Will Not Stand for Re-Election, Effective May 5, 2026 Albemarle Corporation announced James O’Brien, director will not stand for reelection. James O’Brien's directorship will end effective at the Annual Meeting to be held on May 5, 2026 pursuant to attained the age of 72 in 2026, and, accordingly, is not nominated for re-election at this annual meeting. Annuncio • Mar 12
Albemarle Corporation, Annual General Meeting, May 05, 2026 Albemarle Corporation, Annual General Meeting, May 05, 2026. Location: 4250 congress street north carolina 28209, charlotte, United States Annuncio • Feb 27
Albemarle Corp. Announces Quarterly Common Stock Dividend, Payable on April 1, 2026 The Board of Directors of Albemarle Corporation announced that it declared a quarterly common stock dividend of $0.405 per share. The dividend, which has an annualized rate of $1.62, is payable April 1, 2026, to shareholders of record at the close of business as of March 13, 2026. Annuncio • Jan 14
Albemarle Corporation to Report Q4, 2025 Results on Feb 11, 2026 Albemarle Corporation announced that they will report Q4, 2025 results After-Market on Feb 11, 2026 Annuncio • Dec 13
Albemarle Corporation Announces Resignation of Dean L. Seavers as Director, Effective December 12, 2025 Albemarle Corporation announced that Dean L. Seavers tendered his resignation from the Board of Directors and all committees on which he serves, effective December 12, 2025. Annuncio • Oct 28
Albemarle Corp. Announces Quarterly Common Stock Dividend, Payable on January 2, 2026 The Board of Directors of Albemarle Corp. announced that it declared a quarterly common stock dividend of $0.405 per share. The dividend, which has an annualized rate of $1.62, is payable January 2, 2026, to shareholders of record at the close of business as of December 12, 2025. Annuncio • Sep 26
Albemarle Corporation to Report Q3, 2025 Results on Nov 05, 2025 Albemarle Corporation announced that they will report Q3, 2025 results After-Market on Nov 05, 2025 Annuncio • Aug 12
Albemarle Announces Executive Changes, Effective August 11, 2025 Albemarle Corporation announced changes to its organizational structure to further align the company for agility and efficiency. These enhancements are designed to accelerate the company's market-led enterprise strategy and focus on operational excellence. Effective as of August 11, 2025: Mark Mummert will lead an integrated function of resources, manufacturing, capital and supply chain as chief operations officer continuing to report to Kent Masters, Albemarle's chairman and CEO. In this role, he will ensure optimization of Albemarle's world-class resources, including joint venture management, as well as global manufacturing. In addition, he will oversee capital projects and supply chain in a fully integrated operating model. With this change, Netha Johnson is leaving the company. Autumn Gagarinas will become Albemarle's chief people and workplace transformation officer, also reporting to Masters, to focus on talent and culture, as well as business process and technology optimization. Autumn has been serving as Albemarle's vice president of human resources for over two years and has over two decades of human resources experience. Melissa Anderson will continue to report to Masters and will lead Albemarle's enterprise strategy and growth, as well as research and technology as chief business transformation officer. Annuncio • Jul 31
Albemarle Corporation Announces Executive Changes lbemarle Corporation announced that Ander Krupa has been promoted to executive vice president, general counsel, corporate secretary, and chief compliance officer. Krupa joined Albemarle in May 2017 as vice president, deputy general counsel, and assistant corporate secretary. He has served in leadership roles supporting Albemarle's global business units, commercial activities, and mergers and acquisitions. Krupa has more than 15 years of practice in the manufacturing industry and deep experience across Albemarle's businesses. Prior to Albemarle, Krupa served as assistant general counsel, governance, and securities for BWX Technologies Inc. and The Babcock & Wilcox Company. He was also an attorney with the international law firm of Greenberg Traurig LLP in the firm's corporate and securities practice group. Krupa received a bachelor's degree from the University of Georgia and earned his J.D. from Georgia State University College of Law. He is based in the company's Charlotte, N.C., headquarters and will report to Kent Masters as part of Albemarle's executive leadership team. Krupa assumes the role following the passing in April of Albemarle's former general counsel, corporate secretary, and chief compliance officer, Stacy Grant, at which time he was named as interim general counsel. Annuncio • Jul 23
Albemarle Corporation Declares Quarterly Common Stock Dividend, Payable on October 1, 2025 The Board of Directors of Albemarle Corp. announced that it declared a quarterly common stock dividend of $0.405 per share. The dividend, which has an annualized rate of $1.62, is payable October 1, 2025, to shareholders of record at the close of business as of September 12, 2025. Annuncio • Jun 19
Albemarle Corporation to Report Q2, 2025 Results on Jul 30, 2025 Albemarle Corporation announced that they will report Q2, 2025 results After-Market on Jul 30, 2025 Annuncio • May 07
Albemarle Announces Quarterly Common Stock Dividend, Payable on July 1, 2025 The Board of Directors of Albemarle Corp. announced that it declared a quarterly common stock dividend of $0.405 per share. This marks Albemarle's 126th consecutive quarterly cash dividend. The dividend, which has an annualized rate of $1.62, is payable July 1, 2025, to shareholders of record at the close of business as of June 13, 2025. Annuncio • Apr 03
Albemarle Corporation to Report Q1, 2025 Results on Apr 30, 2025 Albemarle Corporation announced that they will report Q1, 2025 results After-Market on Apr 30, 2025 Annuncio • Mar 29
Albemarle Corporation, Annual General Meeting, May 06, 2025 Albemarle Corporation, Annual General Meeting, May 06, 2025. Location: 4250 congress street, nc 28209, charlotte, United States Annuncio • Mar 24
Albemarle Corporation(NYSE:ALB) dropped from FTSE All-World Index (USD) Albemarle Corporation(NYSE:ALB) dropped from FTSE All-World Index (USD) Annuncio • Feb 28
Albemarle Corporation Announces Quarterly Common Stock Dividend, Payable on April 1, 2025 The Board of Directors of Albemarle Corporation announced that it declared a quarterly common stock dividend of $0.405 per share. The dividend, which has an annualized rate of $1.62, is payable April 1, 2025, to shareholders of record at the close of business as of March 14, 2025. Annuncio • Jan 10
Albemarle Corporation to Report Q4, 2024 Results on Feb 12, 2025 Albemarle Corporation announced that they will report Q4, 2024 results After-Market on Feb 12, 2025 Annuncio • Oct 07
Albemarle Corporation Announces Executive Changes Albemarle Corporation announced the company’s new operating structure to adapt to dynamic market conditions. As part of this change, effective Nov. 1, 2024: Specialties Business President Netha Johnson will become chief operations officer and continues to report to Chairman and CEO Kent Masters. In this role, he will lead global manufacturing, research and technology, capital projects and process chemistry execution. Johnson joined Albemarle in 2018 and has more than 25 years of experience in global manufacturing, leadership and general management. Energy Storage Business President Eric Norris will become chief commercial officer and continues to report to Masters. In this role, he will oversee enterprise product management, sales and commercial excellence. Norris joined Albemarle in 2018 and has more than 25 years of experience in strategy, corporate development and general management. In addition, the following leaders will report to Masters: Melissa Anderson will become chief transformation officer, effective Nov. 1, which reflects her current oversight of people, strategy and transformation; Stacy Grant will become general counsel, corporate secretary and chief compliance officer, effective immediately, and succeeds Kristin Coleman, who is leaving the company. Grant joined Albemarle in 2023 and previously served as vice president & deputy general counsel, global corporate affairs; Mark Mummert will become chief capital, resources and integrated supply chain officer, effective Nov. 1, which includes expanded responsibility for resources, joint venture management, customer service and operational excellence. On October 7, 2024, in connection with the implementation of the new operating structure described in Item 7.01 below, Kristin Coleman will cease serving as Executive Vice President, General Counsel and Corporate Secretary of the Company and her last day of employment will be November 4, 2024. In addition, in connection with the implementation of such new operating structure, John C. Barichivich III will cease serving as Vice President, Corporate Controller and Chief Accounting Officer of the company effective upon the appointment of his successor, and his last day of employment will be December 31, 2024. Annuncio • Oct 01
Albemarle Corporation to Report Q3, 2024 Results on Nov 06, 2024 Albemarle Corporation announced that they will report Q3, 2024 results After-Market on Nov 06, 2024 Annuncio • Aug 13
Albemarle Reportedly May Look to Offload 49% Stake in Greenbushes Lithium Mine to IGO Speculation is mounting that US-based Albemarle Corporation (NYSE:ALB) may be considering selling down its 49% stake in the Greenbushes lithium mine to its Australian-listed partner IGO Limited (ASX:IGO), after the world's largest lithium producer this month slashed jobs and shut part of a processing facility in Western Australia. Greenbushes in WA is a global standout, and there is scepticism about the market chatter, although IGO wants to buy more of the asset should it be available, say sources. IGO did not comment. One reason a sale may be on the table is that Greenbushes does not qualify for the Inflation Reduction Act benefits in the US because of its partial Chinese ownership of 25.1%. To quality, Chinese ownership would need to be 24.9% or less, although the US government may show some leniency. IGO and China's Tianqi both own 51% in a joint venture arrangement. US-based lithium specialist Albemarle owns the remainder. The Australian reported last month that Albemarle, Tianqi and IGO would be taking the brakes off the giant Greenbushes mine despite low lithium prices, with the mine set to lift production over the next year as IGO intensifies its hunt for growth opportunities. Annuncio • Jul 02
Albemarle Corporation to Report Q2, 2024 Results on Jul 31, 2024 Albemarle Corporation announced that they will report Q2, 2024 results After-Market on Jul 31, 2024 Annuncio • May 03
Albemarle Corporation Reaffirms Earnings Guidance for the Year 2024 Albemarle Corporation reaffirmed earnings guidance for the year 2024. For the period, the company expects net sales of $5.5 billion to $6.2 billion. Annuncio • Apr 07
Albemarle Corporation to Report Q1, 2024 Results on May 01, 2024 Albemarle Corporation announced that they will report Q1, 2024 results After-Market on May 01, 2024 Annuncio • Mar 13
Albemarle Corporation, Annual General Meeting, May 07, 2024 Albemarle Corporation, Annual General Meeting, May 07, 2024, at 07:00 Eastern Standard Time. Location: Albemarle Corporation, 4250 Congress Street, Charlotte, North Carolina 28209, Charlotte North Carolina United States Agenda: To consider and Elect the ten nominees; to approve, on a non-binding advisory basis, the compensation of named executive officers; to approve an amendment to Albemarle's Amended and Restated Articles of Incorporation to increase the number of authorized shares of common stock; to ratify the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for the fiscal year ending December 31, 2024; and to transact any other business properly brought before the Annual Meeting or any adjournments or postponements thereof. Annuncio • Jan 19
Albemarle Reportedly Selling Out of Liontown Albemarle Corporation (NYSE:ALB) has appointed brokers to sell its stake in Liontown Resources Limited (ASX:LTR), three months after Hancock Prospecting effectively blocked its $6.6 billion takeover bid. JP Morgan was looking to sell Albemarle's 4% stake after the market closed, at prices ranging from $1.26 per share to $1.32 per share. With Albemarle holding 96 million Liontown shares, the deal will be worth about $125 million. The planned sale will be at a loss for Albemarle, which was understood to have acquired its stake at an average entry price of $2.35 per share. Albemarle attempted four times to acquire Liontown, which is developing the Kathleen Valley lithium mine in the Goldfields. The mine would have provided a new supply for Albemarle's downstream processing operations, including its lithium refinery at Kemerton in the South West. It lodged indicative proposals at $2.20 per share in October 2022, $2.35 in March 2023 and $2.50 later that month. It appeared to have succeeded in September when the Liontown board backed its fourth proposal - a takeover bid priced at $3 per share. However Australia's richest person, Gina Rinehart, ended the party after her private company Hancock Prospecting acquired a 19.9% blocking stake. Albemarle scrapped its takeover bid in mid-October, triggering a collapse in Liontown's share price and forcing the company to complete an equity and debt raising to ensure it could complete construction at Kathleen Valley. Hancock has retained its 19.9% stake but has been silent on its intentions. Annuncio • Jan 12
Albemarle Corporation to Report Q4, 2023 Results on Feb 14, 2024 Albemarle Corporation announced that they will report Q4, 2023 results After-Market on Feb 14, 2024 Annuncio • Nov 18
Albemarle Corporation Announces the Promotion of Cynthia Lima as Senior Vice President, Chief External Affairs and Communications Officer Albemarle Corporation announced that Cynthia Lima has been promoted to senior vice president, chief external affairs and communications officer. Lima joined Albemarle early in 2023 as chief communications officer and has expanded her remit to include the global external affairs function. She brings extensive government affairs and communications experience spanning both public and private sectors. Prior to joining Albemarle, Lima founded a communications and public affairs consultancy and held senior positions at domestic and global public relations agencies. Previously, Lima served in the U.S. Department of State and U.S. Department of Veterans Affairs where she was a senate-confirmed presidential appointee. Lima is based in the company's Charlotte, N.C., headquarters and will report to Masters as part of Albemarle's Executive Leadership Team. Annuncio • Nov 02
Albemarle Corporation Revises Net Sales Guidance for the Full Year 2023 Albemarle Corporation revised net sales guidance for the full year 2023. For the year, the company now expects net sales to be in the range of $9.5 billion to $9.8 billion against previous guidance of $10.4 billion to $11.5 billion. Annuncio • Oct 28
Albemarle Corporation Announces CFO Changes, Effective on November 6, 2023 Albemarle Corporation announced that Neal Sheorey will join Albemarle as its chief financial officer, effective Nov. 6, 2023. Scott Tozier, Albemarle's current chief financial officer, will transition from his current role and become a strategic advisor to the CEO. Sheorey joins Albemarle from Dow, a global materials science company, where he served for more than 20 years in progressive finance, business, and corporate leadership roles. Most recently, he was vice president of Dow's Coatings & Performance Monomers business unit, a global portfolio with more than $4 billion in sales, where he was responsible for the group's strategy, profitability, and growth initiatives. Prior to his current role, Sheorey served as Dow's vice president of investor relations, senior director of corporate development and global finance director for the Chemicals business group. Sheorey holds a master's degree in business administration with a concentration in finance and corporate strategy from the University of Michigan, and a bachelor's degree in chemical engineering from Northwestern University. Tozier joined Albemarle in 2011 as senior vice president and chief financial officer. Annuncio • Oct 27
Albemarle Corporation Announces Executive Changes, Effective on November 6, 2023 Albemarle Corporation announced that Neal Sheorey will join Albemarle as its executive vice president, effective Nov. 6, 2023. Scott Tozier, Albemarle's current executive vice president will transition from his current role and become a strategic advisor to the CEO. Sheorey joins Albemarle from Dow, a global materials science company, where he served for more than 20 years in progressive finance, business, and corporate leadership roles. Most recently, he was vice president of Dow's Coatings & Performance Monomers business unit, a global portfolio with more than $4 billion in sales, where he was responsible for the group's strategy, profitability, and growth initiatives. Prior to his current role, Sheorey served as Dow's vice president of investor relations, senior director of corporate development and global finance director for the Chemicals business group. Sheorey holds a master's degree in business administration with a concentration in finance and corporate strategy from the University of Michigan, and a bachelor's degree in chemical engineering from Northwestern University. Tozier joined Albemarle in 2011 as senior vice president and chief financial officer. Annuncio • Oct 20
Albemarle Corporation (NYSE:ALB) completed the acquisition of additional 40% stake in Kemerton Lithium Hydroxide Plant from Mineral Resources Limited (ASX:MIN) Albemarle Corporation (NYSE:ALB) entered into binding agreement to acquire additional 40% stake in Kemerton Lithium Hydroxide Plant from Mineral Resources Limited (ASX:MIN) on February 23, 2023. As of July 19, 2023, Albemarle Corporation amend the terms of the transaction and agreed to acquire remaining 40% stake in Kemerton Lithium Hydroxide Plant from Mineral Resources for approximately AUD 590 million ($400 million). Albemarle will supply MinRes’ 15% share of spodumene concentrate for use by Kemerton from the Greenbushes mine. MinRes will pay the benchmark price for its share of Greenbushes spodumene concentrate. In similar transaction Albemarle Corporation entered into binding agreement ownership of the Wodgina mine to change from 60% and 40% to 50% and50%. Albemarle is expected to pay MinRes a completion adjustment currently estimated to be AUD 150 million. As of July 19, 2023, upon closing, Albemarle expects to pay Mineral Resources $380 (AUD 557.5 million) - $400 million (AUD 586.9 million) which includes net consideration for the remaining 15% ownership of Kemerton as well as EED settlement adjustments. Actual settlement adjustments will depend on the date of close. The acquisition is subject to regulatory approvals. The parties anticipate closing the amended arrangements later this year. As of August 2, 2023, the transaction is expected to close in the second half of 2023. Herbert Smith Freehills LLP acted as legal advisor to Kemerton Lithium Hydroxide Plant. Albemarle Corporation (NYSE:ALB) completed the acquisition of additional 40% stake in Kemerton Lithium Hydroxide Plant from Mineral Resources Limited (ASX:MIN) on October 18, 2023. Annuncio • Oct 16
Albemarle Withdraws Non-Binding Offer to Acquire Liontown Resources On October 15, 2023, Albemarle Corporation (NYSE:ALB) announced that it will not pursue a binding agreement to purchase Liontown Resources Limited (ASX:LTR) and has formally withdrawn its non-binding offer to Liontown's board of directors. The decision comes as Albemarle nears the end of its exclusive due diligence process. "Our engagement with the Liontown team has been meaningful and productive. We appreciate the level of cooperation we have received, and we thank the entire team for their efforts," said Kent Masters, Chief Executive Officer of Albemarle. "That said, moving forward with the acquisition, at this time, is not in Albemarle's best interests." The company noted growing complexities associated with the proposed transaction as a factor in its decision. The announcement is consistent with Albemarle's disciplined approach to capital allocation and the company will continue to execute its long-term growth strategy. Planned expansions to deliver volumetric growth continue to progress across the company's global portfolio. Albemarle's capital allocation priorities remain investing in high-return organic and inorganic growth, maintaining its financial flexibility and investment grade credit rating, and funding its dividends. Albemarle is one of Australia's biggest lithium investors, with mining assets at Wodgina and Greenbushes, and with the Kemerton lithium hydroxide plant, which is currently undergoing a significant expansion. Annuncio • Oct 06
Albemarle Corporation to Report Q3, 2023 Results on Nov 01, 2023 Albemarle Corporation announced that they will report Q3, 2023 results After-Market on Nov 01, 2023 Annuncio • Sep 06
Albemarle Makes Another Sweetened Bid for Liontown Recently rejected suitor, US specialty chemicals firm Albemarle Corporation (NYSE:ALB) has tabled a sweetened bid to acquire Australian lithium start-up Liontown Resources Limited (ASX:LTR) in a deal valuing the target company at about AUD 6.6 billion (USD 4.26 billion/EUR 3.95 billion). Albemarle’s new, conditional and non-binding indicative proposal provides for each Liontown share to be exchanged for AUD 3.00 apiece. It is Albemarle’s best and final proposal, in the absence of a superior proposal, according to a statement from September 4, 2023. The Australian firm said that its board has determined to grant Albemarle an opportunity to conduct a limited period of exclusive due diligence, subject to customary fiduciary exceptions, to enable it to put forward a binding proposal. Liontown at the end of March turned down an improved AUD-5.5-billion takeover bid from Albemarle considering the offer substantially under-priced. The previous bid implied a consideration of AUD 2.50 per Liontown share. Annuncio • Aug 04
Albemarle Corporation Revises Earnings Guidance for the Fiscal Year 2023 Albemarle Corporation revised earnings guidance for the fiscal year 2023. For the fiscal, the company expects net sales of $10.4 billion - $11.5 billion from previous guidance of $9.8 - $11.5 billion. Annuncio • Jul 12
Albemarle Corporation to Report Q2, 2023 Results on Aug 02, 2023 Albemarle Corporation announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Aug 02, 2023 Annuncio • Jun 25
Albemarle Corporation(NYSE:ALB) dropped from Russell 1000 Growth Index Albemarle Corporation(NYSE:ALB) dropped from Russell 1000 Growth Index Annuncio • May 05
Albemarle Corporation Revises Earnings Guidance for the Full Year 2023 Albemarle Corporation revised earnings guidance for the full year 2023. For the year, the company’s net sales are expected to increase 35% to 55% over prior year, primarily driven by a continued global shift to electric vehicles. Net sales are now expected to be in the range of $9.8 billion to $11.5 billion compared to previous guidance of $11.3 billion to $12.9 billion. Annuncio • Jan 24
Albemarle Corporation Provides Revenue Guidance for the Fourth Quarter and Full Year Ended December 31, 2022 and Full Year of 2023 Albemarle Corporation provides revenue guidance for the fourth quarter and full year ended December 31, 2022 and full year of 2023. For the quarter of 2022, company expects Net sales of between $2,590 million and $2,650 million, up 190% to 196%, Net income in the range of $1,107 million to $1,157 million and Diluted EPS of between $9.30 and $9.80. For the year of 2022, company expects Net sales of between $7,290 million - $7,350 million, Net income (loss) attributable to Albemarle Corporation $2,662 million - $2,712 million and Diluted earnings (loss) per share $22.50 - $23.00. For the year of 2023, company expects Net sales of $11.3 billion - $12.9 billion. Annuncio • Jan 18
Albemarle Corporation to Report Q4, 2022 Results on Feb 15, 2023 Albemarle Corporation announced that they will report Q4, 2022 results After-Market on Feb 15, 2023 Annuncio • Sep 03
Albemarle Corporation Begins Third-Party Audit in Chile Using IRMA's Standard for Responsible Mining Albemarle Corporation announced that it has commenced an independent, third-party assessment using the Initiative for Responsible Mining Assurance's (IRMA) Standard for Responsible Mining at the company's lithium brine extraction site, the Salar Plant, located in Northern Chile in the Salar de Atacama. IRMA is globally considered the most comprehensive and rigorous certification standard for assurance of responsible mining. The organization specifies objectives and requirements with the greater depth, breadth, and specificity for environmentally and socially responsible mining practices. Albemarle's third-party audit makes the company the first global lithium producer to commence such an assessment using the rigorous IRMA Standard. ERM Certification and Verification Services (ERM CVS), an IRMA-approved certification body, is executing the audit, which includes a desk review followed by an onsite audit. Onsite auditors will interview mine management, department staff, mine workers and external community stakeholders; review relevant data and documents; develop corrective action items, and publicly disclose the audit summary. Once the process has been completed, a full report will be published on IRMA's website for public access. Prior to beginning the independent audit with ERM CVS, Albemarle was the first lithium producer to complete and submit IRMA's self-assessment process at the Salar Plant in February 2021. The third-party assessment covers 26 areas, including water management, human rights, greenhouse gas emissions, fair labor, and terms of work. Albemarle shareholders, customers, employees, and the public can visit the Mines Under Assessment page of IRMA's website for updated information on the company's third-party audit. Annuncio • Aug 07
Albemarle Corporation Provides Earnings Guidance for the Year 2021 Albemarle Corporation provided earnings guidance for the year 2021. For the year, the company expects net sales to be $3.3 billion to $3.4 billion. Annuncio • Jun 28
Albemarle Corporation(NYSE:ALB) dropped from Russell 2500 Index Albemarle Corporation(NYSE:ALB) dropped from Russell 2500 Index Annuncio • Jun 02
W. R. Grace & Co. (NYSE:GRA) completed the acquisition of the fine chemistry services business of Albemarle Corporation (NYSE:ALB). W. R. Grace & Co. (NYSE:GRA) entered into a definitive agreement to acquire the fine chemistry services business of Albemarle Corporation (NYSE:ALB) for approximately $570 million on February 25, 2021. As reported, $300 million of the total consideration will be paid upon closing in cash, and $270 million will be funded through the issuance to Albemarle of non-participating preferred equity of a newly created Grace subsidiary. The preferred equity will not receive any dividends for a period of two years following the closing of the transaction. Grace expects to finance the cash portion of the transaction with a mix of cash and debt. As part of the transaction, Grace will acquire Albemarle's operations in Tyrone, Pa., and South Haven, Mich. The highly complementary bolt-on acquisition significantly strengthens and expands Grace’s existing pharma portfolio. W. R. Grace and Grace-Conn entered into a debt commitment letter, dated February 25, 2021 with Goldman Sachs Bank USA as the arranger thereunder (in such capacity, the “Arranger”), pursuant to which and subject to the terms and conditions set forth therein, the Arranger has committed to provide an incremental term loan facility of up to $300 million to fund cash consideration to be paid pursuant to the terms of the acquisition agreement and related fees, costs and expenses.
The transaction is subject to customary closing conditions, including receipt of certain regulatory approvals. The transaction is also subject to the expiration or termination of the waiting period under the Hart- Scott- Rodino Antitrust Improvements Act of 1976, as amended. The agreement has been unanimously approved by the Grace Board of Directors. The transaction is expected to close in the second quarter of 2021. The acquisition is expected to be accretive to Grace’s revenue growth rate, EBITDA margin and Adjusted EPS in 2021. The acquisition adds approximately $60 million in full-year run-rate EBITDA in 2021, with EBITDA margins of over 35%. Grace expects modest near-term cost synergies with greater commercial and capital avoidance synergies over the longer-term. Goldman Sachs & Co. LLC and Moelis & Company LLC are serving as financial advisors and Steven Epstein, Meredith L. Mackey, Caroline Sandberg, Jason R. Ertel, Jason L. Greenberg, J. Alter, David M. McDonald, Melissa A. Meyrowitz, and Mary Beth Houlihan of Fried, Frank, Harris, Shriver & Jacobson LLP is serving as legal counsels to Grace on this transaction. BofA Securities is acting as exclusive financial advisor and John Owen Gwathmey of Troutman Pepper Hamilton Sanders LLP is acting as legal advisor to Albemarle.
W. R. Grace & Co. (NYSE:GRA) completed the acquisition of the fine chemistry services business of Albemarle Corporation (NYSE:ALB) on June 1, 2021. Annuncio • May 06
Albemarle Corporation Provides Earnings Guidance for the Full Year 2021 Albemarle Corporation provided earnings guidance for the full year 2021. For the full year, the company expects net sales to be in the range of $3.2 billion to $3.3 billion. Annuncio • May 05
Albemarle Corporation Announces Quarterly Dividend, Payable on July 1, 2021 The Board of Directors of Albemarle Corporation announced that it has declared a quarterly dividend of $0.39 per share. The dividend, which has an annualized rate of $1.56, is payable July 1, 2021, to shareholders of record at the close of business as of June 11, 2021. Annuncio • Feb 27
W. R. Grace & Co. (NYSE:GRA) entered into a definitive agreement to acquire the fine chemistry services business of Albemarle Corporation (NYSE:ALB) for approximately $570 million. W. R. Grace & Co. (NYSE:GRA) entered into a definitive agreement to acquire the fine chemistry services business of Albemarle Corporation (NYSE:ALB) for approximately $570 million on February 25, 2021. As reported, $300 million of the total consideration will be paid upon closing in cash, and $270 million will be funded through the issuance to Albemarle of non-participating preferred equity of a newly created Grace subsidiary. The preferred equity will not receive any dividends for a period of two years following the closing of the transaction. Grace expects to finance the cash portion of the transaction with a mix of cash and debt. As part of the transaction, Grace will acquire Albemarle's operations in Tyrone, Pa., and South Haven, Mich. The highly complementary bolt-on acquisition significantly strengthens and expands Grace’s existing pharma portfolio. W. R. Grace and Grace-Conn entered into a debt commitment letter, dated February 25, 2021 with Goldman Sachs Bank USA as the arranger thereunder (in such capacity, the “Arranger”), pursuant to which and subject to the terms and conditions set forth therein, the Arranger has committed to provide an incremental term loan facility of up to $300 million to fund cash consideration to be paid pursuant to the terms of the acquisition agreement and related fees, costs and expenses.
The transaction is subject to customary closing conditions, including receipt of certain regulatory approvals. The transaction is also subject to the expiration or termination of the waiting period under the Hart- Scott- Rodino
Antitrust Improvements Act of 1976, as amended. The agreement has been unanimously approved by the Grace Board of Directors. The transaction is expected to close in the second quarter of 2021. The acquisition is expected to be accretive to Grace’s revenue growth rate, EBITDA margin and Adjusted EPS in 2021. The acquisition adds approximately $60 million in full-year run-rate EBITDA in 2021, with EBITDA margins of over 35%. Grace expects modest near-term cost synergies with greater commercial and capital avoidance synergies over the longer-term. Goldman Sachs & Co. LLC and Moelis & Company LLC are serving as financial advisors and Fried, Frank, Harris, Shriver & Jacobson LLP is serving as legal counsel to Grace on this transaction. BofA Securities is acting as exclusive financial advisor and Troutman Pepper Hamilton Sanders LLP is acting as legal advisor to Albemarle. Annuncio • Feb 04
Albemarle Corporation has completed a Follow-on Equity Offering in the amount of $1.3 billion. Albemarle Corporation has completed a Follow-on Equity Offering in the amount of $1.3 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 8,496,733
Price\Range: $153 Annuncio • Jan 13
Albemarle Corporation to Report Q4, 2020 Results on Feb 17, 2021 Albemarle Corporation announced that they will report Q4, 2020 results After-Market on Feb 17, 2021 Annuncio • Jan 12
Albemarle Corporation Appoints Melissa Anderson as Senior Vice President, Chief Human Resources Officer Albemarle Corporation announced that Melissa Anderson has joined the company as Senior Vice President, Chief Human Resources Officer, effective January 11, 2021. Anderson joins Albemarle from Duke Energy, an American electric power holding company based in North Carolina, where she served as Executive Vice President, Administration and Chief Human Resources Officer. Prior to this, she held the role of Senior Vice President, Human Resources, for Domtar Corporation in South Carolina. Her previous experience also includes 17 years with IBM in progressive Human Resources leadership roles. Anderson earned a master's degree in industrial and labor relations from Cornell University and a bachelor's degree in industrial relations from the University of North Carolina at Chapel Hill. She serves on the board of Vulcan Materials, a publicly traded aggregates business, and as Chair of the Society of Human Resource Management (SHRM). She is also a member of the advisory board for the Center for Executive Succession at the University of South Carolina'sDarla Moore School of Business. 
