Previous Close | 172.40 |
Open | 175.00 |
Bid | 169.90 x 1000 |
Ask | 171.30 x 1200 |
Day's Range | 169.68 - 176.83 |
52 Week Range | 162.00 - 334.55 |
Volume | |
Avg. Volume | 1,781,844 |
Market Cap | 19.954B |
Beta (5Y Monthly) | 1.56 |
PE Ratio (TTM) | 5.11 |
EPS (TTM) | 33.26 |
Earnings Date | Oct 31, 2023 - Nov 06, 2023 |
Forward Dividend & Yield | 1.60 (0.94%) |
Ex-Dividend Date | Sep 14, 2023 |
1y Target Est | 266.37 |
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The supplier of lithium and other materials has agreed to pay more than $218 million to settle an investigation into bribes paid by third-party sales representatives.
Albemarle Corp will pay more than $218 million, including more than $103 million to financial regulators, to settle a U.S. probe into its scheme to bribe government officials in multiple foreign countries, the Department of Justice said on Friday. As part of the resolution, the global chemical company admitted to using third parties "to pay bribes to government officials to obtain and retain chemical catalyst business with state-owned oil refineries in Vietnam, Indonesia, and India," taking in $98.5 million in profits, the department said. It also agreed to continue to cooperate with the Justice Department "in any ongoing or future criminal investigations relating to this conduct," it added.
WASHINGTON (Reuters) -Albemarle Corp will pay more than $218 million, including more than $103 million to financial regulators, to settle a U.S. probe into its scheme to bribe government officials in multiple foreign countries, the Department of Justice said on Friday. As part of the resolution, the global chemical company admitted to using third parties "to pay bribes to government officials to obtain and retain chemical catalyst business with state-owned oil refineries in Vietnam, Indonesia, and India," taking in $98.5 million in profits, the department said. It also agreed to continue to cooperate with the Justice Department "in any ongoing or future criminal investigations relating to this conduct," it added.