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February 6, 2013
08:48 EDTCLHClean Harbors falls following departure of CFO
Shares of Clean Harbors (CLH), which provides environmental, energy and industrial services, fell yesterday after the company disclosed in a regulatory filing that its Chief Financial Officer Robert Gagnon resigned on February 4. Gagnon, who had only filled the CFO role since August of last year, "did not resign due to any disagreement with the Company regarding any matter relating to the Company’s operations, policies, practices or financial statements," according to the company. Gagnon will continue to perform transitional services until March 31 and COO James Rutledge was designated by the Board of Directors to resume his previously held role as CFO, the company stated. Shares of Clean Harbors fell $2.28, or 4.12%, to $53.04 following the disclosure.
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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