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Stock Market & Financial Investment News

News Breaks
December 28, 2012
16:09 EDTCLHClean Harbors completes acquisition of Safety-Kleen
Clean Harbors announced the completion of its acquisition of Safety-Kleen. Clean Harbors purchased Safety-Kleen in an all-cash transaction valued at approximately $1.25B, financed through the combination of $289M of existing cash, $370M in net proceeds from its recently completed follow-on offering of common stock and $591M in net proceeds from its recently completed Senior Notes offering. Based on the current operating and anticipated future performance of Safety-Kleen, Clean Harbors expects the acquisition will be immediately accretive, excluding one-time fees and acquisition-related expenses. For 2012, Safety-Kleen expects revenues of approximately $1.35B and adjusted EBITDA of approximately $160M. For 2013, Clean Harbors expects that on a combined basis with Safety-Kleen, it will have revenues in the range of $3.72B to $3.77B. The company expects its combined 2013 adjusted EBITDA to be in the range of $605M to $620M, including approximately $30M of acquisition-related synergies. These combined estimates include the previously announced stand-alone revenues for Clean Harbors in the range of $2.30B to $2.35B and adjusted EBITDA in the range of $425M to $435M.
News For CLH From The Last 14 Days
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April 14, 2015
16:06 EDTCLHClean Harbors and Nuverra close acquisition of Thermo Fluids
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07:03 EDTCLHClean Harbors acquires TFI from Nuverra Environmental for $85M
Clean Harbors (CLH) and Nuverra Environmental Solutions (NES) announced the close of Clean Harbors' planned acquisition of Thermo Fluids, or TFI, from Nuverra. Clean Harbors purchased Thermo Fluids for $85M in an all-cash transaction. Nuverra will apply 100% of the net proceeds received to reduce the outstanding balance under its asset-based revolving credit facility. Pursuant to the agreement, $4.25M of the proceeds was deposited into an indemnity escrow account to secure certain obligations of Nuverra under the purchase agreement. After giving effect to the indemnity escrow, the closing date working capital adjustment and the payment of transaction fees and expenses, the amount of net cash proceeds received by Nuverra on the closing date was approximately $74.6M.

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