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Albemarle reports strong 2016 earnings finish and record cash flow from operations
CHARLOTTE, N.C. , Feb. 27, 2017 /PRNewswire/ -- Fourth quarter 2016 highlights: Fourth quarter earnings were $602.1 million , or $5.30 per diluted share, including $546.3 million in after-tax gains related to the sale of the Chemetall Surface Treatment business Fourth quarter adjusted EBITDA was $187.4 million, an increase of 12% over the prior year, excluding the impact of divestitures...
Read MoreAlbemarle raises dividend for 23rd consecutive year
CHARLOTTE, N.C. , Feb. 23, 2017 /PRNewswire/ -- The board of directors of Albemarle Corporation (NYSE: ALB) declared today a quarterly dividend of $0.32 per share, an increase of 5% over the previous quarterly dividend of $0.305 . The dividend, which has a new annualized rate of $1.28, is payable April 3, 2017, to shareholders of record at the close of business as of March 15, 2017. This increase marks the 23rd consecutive year that Albemarle has raised its quarterly dividend.
Read MoreAlbemarle and Tianqi terminate option for indirect minority interest in Albemarle subsidiary
CHARLOTTE, N.C. , Feb. 22, 2017 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a premier specialty chemicals company, announced today that Albemarle and Tianqi Lithium Corporation (Tianqi) have entered into a deed of termination, pursuant to which Tianqi's exercise of a previously announced option to acquire a 20% indirect ownership interest in Rockwood Lithium GmbH and its subsidiaries has been terminated. In accordance with the deed of termination, the option agreement has been terminated and the exercise of the option by Tianqi will cease to have any legal effect.
Read MoreAlbemarle Corporation Announces 2017 Investor Day in New York City
CHARLOTTE, N.C. , Jan. 19, 2017 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that it will host its 2017 Investor Day on Thursday, March 16, 2017 , in New York City.
Read MoreAlbemarle Corporation Announces Pricing of Maximum Tender Offers
CHARLOTTE, N.C. , Jan. 19, 2017 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB) (the "Company" or "Albemarle"), a leader in the global specialty chemicals industry, today announced the pricing, as set forth in the table below, of its previously announced tender offers (the "Maximum Tender Offers") to purchase for cash up to a maximum repurchase amount of its 1.875% senior notes due 2021 (the "2021 Notes") and 4.150% senior notes due 2024 (the "2024 Notes"; together, the "Maximum Tender Offer Notes"). Since the aggregate principal amount of 2021 Notes tendered will exceed the Aggregate Maximum Repurchase Amount (as defined below), none of the tendered 2024 Notes will be accepted for purchase.
Read MoreAlbemarle Corporation Announces Early Tender Results of Maximum Tender Offers for Certain Outstanding Debt Securities
CHARLOTTE, N.C. , Jan. 19, 2017 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB) (the " Company " or " Albemarle "), a leader in the global specialty chemicals industry, today announced the early tender results of its previously announced tender offers (the " Maximum Tender Offers ") to purchase for cash up to a maximum repurchase amount of its 1.875% senior notes due 2021 and 4.150% senior notes due 2024 described in the table below (such notes, the "Maximum Tender Offer Notes").
Read MoreAlbemarle Corporation to release fourth quarter 2016 earnings results on February 27, 2017
Conference call to be held on February 28, 2017, at 9:00 a.m. EST CHARLOTTE, N.C. , Jan. 18, 2017 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that it will release its fourth quarter 2016 earnings after the NYSE closes on Monday, February 27, 2017.
Read MoreAlbemarle Corporation Announces Redemption of All Outstanding 3.000% Senior Notes Due 2019
CHARLOTTE, N.C. , Jan. 11, 2017 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB) (the " Company "), a leader in the global specialty chemicals industry, announced today that it intends to redeem all of its outstanding 3.000% Senior Notes due 2019 (CUSIP No. 012725AB3, ISIN No. US012725AB30) issued by it (the "Notes") on February 10, 2017 (the "Redemption Date").
Albemarle Corporation Announces Pricing and Expiration of Any and All Tender Offers
CHARLOTTE, N.C. , Jan. 10, 2017 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB) (the " Company " or " Albemarle "), a leader in the global specialty chemicals industry, today announced the pricing, as set forth in the table below, and expiration of its previously announced tender offers (the "Any and All Tender Offers") to purchase for cash any and all of its outstanding 3.000% notes due 2019 and 4.500% notes due 2020.
Read MoreKey Terms of Albemarle’s Amended Lithium Production Rights Agreement with the Chilean Economic Development Agency
Albemarle Corporation Announces Tender Offers for Certain Outstanding Debt Securities
CHARLOTTE, N.C. , Jan. 4, 2017 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB) (the "Company" or "Albemarle") today announced that it has commenced tender offers to purchase for cash any and all of the debt securities listed in the first table below and up to a maximum repurchase amount of the debt securities listed in the second table below (collectively, the "Securities").
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