The US Department of Justice has reportedly cleared plans for Louisiana-based chemical manufacturer Albemarle to acquire New Jersey rival Rockwood Holdings.
Albemarle said that its $6.2 billion acquisition was approved after the DOJ’s waiting period to review the deal expired.
The chemical competitors announced last July that Albemarle would be the technical acquirer of Rockwood; the companies expect to finalize the merger in the first quarter of next year.
Full content: NOLA
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