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Stock Market & Financial Investment News

News Breaks
December 3, 2012
16:37 EDTECLEcolab 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.
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