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People & Business :: Companies
Chemical Finance Digest, Nov. 28-Dec. 2
3:50 PM MST | December 5, 2011 | Vincent Valk
Topping the headlines last week, Ecolab and Nalco closed their $8.3-billion merger, which values Nalco at $38.80/share. Ecolab will issue 68.3 million new shares to fund part of the acquisition, which includes $2.7 billion in assumed debt. The newly-combined entity expects EPS to grow 15% in 2012 and 2013. In other M&A news, Australian agchems firm Nufarm has acquired Seeds 2000, a U.S. sunflower seeds concern, for $55.2 million. The deal is part of a Nufarm’s ongoing expansion of its international activities. Meanwhile, Royal Adhesives & Sealants...
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