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Stock Market & Financial Investment News

News Breaks
June 26, 2014
07:24 EDTPVA, NESJefferies to hold a summit
Boston Energy Summit to be held in Boston on June 26.
News For NES;PVA From The Last 14 Days
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April 16, 2015
10:10 EDTPVAPenn Virginia sale process said to stall, dealReporter says
Penn Virginia’s sale process has stalled due to valuation issues that have not been bridged by the seller and potential buyers, reported dealReporter, citing industry bankers, according to contacts. Penn Virginia shares are down 2.9% to $7.76 in early trading.
April 14, 2015
16:06 EDTNESClean Harbors and Nuverra close acquisition of Thermo Fluids
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07:03 EDTNESClean 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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