IHS Chemical Week

People & Business :: Earnings/Finance

Ecolab Closes Nalco Acquisition

9:11 AM MST | December 1, 2011 | Vincent Valk

A day after shareholders of both companies approved the merger, Ecolab’s acquisition of Nalco has officially closed. Ecolab has received full antitrust approval for the acquisition, closing the transaction. The $8.3 billion deal will create a company, called Ecolab, with $11 billion in annualized sales and 38,000 employees. Former Nalco shareholders have until December 7 to accept Ecolab’s cash and stock offer, which values Nalco at...

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