in this issue
Regions :: North America
Henkel to Sell its Ecolab Shares; Ecolab to Buy Part of Stake
10:23 AM MST | November 18, 2008 | Robert Westervelt
Henkel plans to sell its 29.4% stake in Ecolab, roughly 72.7 million shares, via a public offering to investors. Ecolab has agreed to purchase $300 million of those shares directly from Henkel. Baker: Repurchase is a timely investment. The offering price was set at $30.50/share late last week, valuing Henkel’s stake at roughly $2.2 billion. Ecolab would repurchase roughly 4% of its outstanding shares based on the offer price. Ecolab says it will fund the share purchase with available cash, issuance of commercial paper, and possibly committed bank lines of...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee