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People & Business :: M&A
Ecolab extends Champion close date to 15 April
March 28, 2013 | Vincent Valk
Ecolab announced today that it expects the close of its $2.2-billion acquisition of oilfield services firm Champion Technologies to occur on or before 15 April. The deal was previously expected to close by 31 March, but it has run into issues with US antitrust authorities. However, Ecolab still expects the deal to close. “We continue to have productive discussions with the Antitrust Division of the US Department of Justice (DOJ; Washington),” Ecolab says. “Discussions with the DOJ have progressed, and we believe the likely resolution will...
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