Clean Harbors puts active after announcing it would delay 10-K filing Clean Harbors March 45 and 50 puts are active on total put volume of 1,200 contracts (580 calls). March put option implied volatility is at 37, April and July is at 36; compared to its 26-week average of 31 according to Track Data. Active put volume suggests traders taking positions for larger price movement after announcing it would delay 10-K filing.
Clean 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.