Edition:
United States

US Ecology And NRC Group Agree To Merge


Monday, 24 Jun 2019 06:00am EDT 

June 24 (Reuters) - US Ecology Inc ::US ECOLOGY AND NRC GROUP AGREE TO MERGE, EXPANDING LEADERSHIP IN SPECIALTY AND INDUSTRIAL WASTE SERVICES.US ECOLOGY INC - PROPOSED DEAL FOR ENTERPRISE VALUE OF $966 MILLION..US ECOLOGY INC - UPON COMPLETION OF TRANSACTION, US ECOLOGY STOCKHOLDERS WILL OWN APPROXIMATELY 70% OF COMBINED COMPANY.US ECOLOGY - COMBINED COMPANY WILL USE US ECOLOGY NAME, AND ITS SHARES WILL CONTINUE TO BE LISTED ON NASDAQ GLOBAL SELECT MARKET UNDER TICKER ECOL.US ECOLOGY INC - JEFFREY R. FEELER WILL CONTINUE TO SERVE AS PRESIDENT, CHIEF EXECUTIVE OFFICER AND CHAIRMAN OF BOARD.US ECOLOGY - NRCG COMMON STOCKHOLDERS WILL RECEIVE 0.196 SHARES OF COMMON STOCK OF NEW HOLDING COMPANY FOR EACH SHARE OF NRCG STOCK.US ECOLOGY INC - PROPOSED DEAL FOR $12.00 PER SHARE.US ECOLOGY INC - US ECOLOGY WILL REFINANCE NRCG'S EXISTING SENIOR CREDIT FACILITIES THROUGH A NEW TERM LOAN B.US ECOLOGY INC - NRCG IS EXPECTED TO CONTRIBUTE APPROXIMATELY $120 MILLION TO US ECOLOGY'S ADJUSTED EBITDA IN FIRST FULL YEAR FOLLOWING COMBINATION.US ECOLOGY INC - NRCG IS EXPECTED TO BE ACCRETIVE IN MID-SINGLE DIGITS TO US ECOLOGY'S 2020 ADJUSTED EARNINGS PER SHARE, BEFORE SYNERGIES.US ECOLOGY - US ECOLOGY STOCKHOLDERS WILL RECEIVE 1 SHARE OF COMMON STOCK OF NEW HOLDING COMPANY FOR EACH SHARE OF US ECOLOGY COMMON STOCK.US ECOLOGY - US ECOLOGY WILL FORM NEW HOLDING CO WHICH WILL TAKE NAME OF US ECOLOGY INC AND WILL OWN BOTH US ECOLOGY AND NRCG. 

Company Quote

62.24
-0.61 -0.97%
19 Jul 2019