Ecolab sees 3c per share impact to FY13 EPS from sale of vehicle care business Ecolab (ECL) announced that the previously announced sale of its Vehicle Care business to Zep (ZEP) for approximately $120M in cash. Vehicle Care had 2011 sales of $66M. Net after tax proceeds from the sale were approximately $75M and will be used to repay debt and for general corporate purposes. The sale of the Vehicle Care business is expected to have an approximately 3c per share dilutive impact on Ecolab's 2013 earnings per share.
News For ECL From The Last 14 Days
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Ecolab raises cash dividend 20% to 27.5c per share The dividend will be paid January 15, 2014, to shareholders of record at the close of business on December 17. This increase results in a new indicated annual cash dividend of $1.10 per share in 2014.