Rockwood tenders for €115 million of €348.3 million 7 5/8% notes by modified Dutch auction

By Susanna Moon

Chicago, May 11 - Rockwood Holdings, Inc.'s subsidiary, Rockwood Specialties Group, Inc., began a tender offer in Europe to purchase up to €115 million of its outstanding €348.3 million 7 5/8% senior subordinated notes due 2014, according to a 10-Q filing with the Securities and Exchange Commission.

The company will set the purchase price under a modified Dutch auction.

Rockwood will fund the purchase with available cash and cash equivalents.

Based in Princeton, N.J., Rockwood is a specialty chemicals and advanced materials company.

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