Rockwood Holdings, Inc. (NYSE:ROC) announced today that it entered into a joint venture ("JV") with Chengdu Tianqi Industry Group ("Tianqi") giving Rockwood a 49% ownership interest and Tianqi a 51% interest in Talison Lithium Pty Ltd. This transaction is expected to close during the first quarter of 2014, following receipt of regulatory approvals.
Rockwood is a 5.25 Bil company so you wouldn't buy it for it's Talison holdings.
