Jana Partners LLC, the $5 billion activist hedge fund run by
Barry Rosenstein, said Rockwood Holdings Inc., the specialty chemicals maker
seeking to exit businesses, may be worth $80 a share in a takeover.
Rockwood, which seeks to focus on its lithium and surface-
treatments businesses, could attract bids from larger chemicals makers after
selling other units, Jana said in a first-quarter letter to investors. Rockwood
shares climbed 1.2 percent to $64.01 at 11:42 a.m. in New York trading, bringing the gain this
year to 30 percent including reinvested dividends…
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