KKR and DLJ Selling Rockwood Shares

KKR and DLJ Merchant Banking Partners have filed to sell 10 million shares in specialty chemical company Rockwood Holdings (NYSE: ROC). The proposed price of $41.74 per share would generate around $417 million in proceeds for the sellers, which would rise to nearly $480 million if a 1.5 million overallotment option were exercised. Assuming just the initial 10 million share sale, KKR's position in Rockwood would drop from 41% to 30.8%, while DLJ's would drop from 30.8% to 8.8 percent. www.rockwoodspecialties.com