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Rockwood €400-€500 million offering expected in third quarter
By Paul A. Harris and Sara Rosenberg
St. Louis, April 19 - Rockwood Specialties Inc. is expected to bring €400 to €500 million of high-yield bonds to market sometime during the third quarter of 2004, according to market sources.
Credit Suisse First Boston, Goldman Sachs & Co. and UBS Investment Bank will be the underwriters.
Proceeds will be used to finance the €2.25 billion acquisition of MG Technologies CeramTec, Chemetall, Sachtleben and DNES divisions.
Rockwood is a Princeton, N.J., chemical manufacturer.
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