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Stock Market & Financial Investment News

News Breaks
December 8, 2011
06:32 EDTECL, NLCEcolab reports final merger consideration election terms
Ecolab (ECL) announced the results of the stock-cash merger consideration elections made by the stockholders of the Nalco Holding Company (NLC) in accordance with the terms of the merger agreement between Ecolab and Nalco. Based on the election results and the terms of the merger agreement: For Nalco shares for which cash elections were made or deemed to have been made, shareholders will receive 100% of their consideration in cash; and for Nalco shares for which stock elections were made, shareholders will receive approximately 94% of their consideration in shares of Ecolab common stock and the balance in cash. In the aggregate, Ecolab will pay approximately $1.6B in cash and issue approximately 68.3 million shares of common stock pursuant to the merger.
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