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Stock Market & Financial Investment News

News Breaks
March 18, 2013
05:55 EDTCLH, CLHClean Harbors management to meet with Oppenheimer
Meeting to be held Texas on March 25 hosted by Oppenheimer.
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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