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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.
News For ECL From The Last 14 Days
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April 16, 2015
19:46 EDTECLEcolab to acquire Travelers North Tower in St. Paul, MN, terms not disclosed
Ecolab (ECL) has signed a purchase agreement to acquire the 17-story North Tower from Travelers (TRV) in downtown St. Paul, MN. The transaction is expected to close in Q3, and by the end of 2018, Ecolab will relocate all associates from the three buildings that comprise its world headquarters in downtown St. Paul to the North Tower. Financial terms of the agreement are not being disclosed.

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