Market Overview

Ecolab Extends Closing of Champion Technologies

Share:
Related ECL
Ecolab's Acuisition Offer For Laboratoires Anios Evaluated By Barclays
Top Performing Industries For May 4, 2016
Brexit Isn't The Biggest Concern, It's Inflation And Deflation's Double-Edged-Sword (Seeking Alpha)

Ecolab Inc. (NYSE: ECL) announced that it continues to be in active and ongoing discussions with the Antitrust Division of the U.S. Department of Justice (DOJ) regarding Ecolab's filing under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”) with respect to Ecolab's previously announced agreement to acquire Champion Technologies. Further, Ecolab and Champion have entered into a timing agreement with the DOJ to extend the waiting period under the HSR Act for the DOJ's review of the transaction until February 28, 2013.

While Ecolab remains confident that it can address the DOJ's remaining issues, it of course remains possible that the transaction will not be completed on the timing discussed or at all.

Posted-In: News

 

Related Articles (ECL)

View Comments and Join the Discussion!