NRC Group Reaffirms Provisions of Proposed Merger With US Ecology
NRC Group Holdings Corp (NRCG)
Company Research
Source: Business Wire
Rejects request by certain holders of NRCG preferred stock to reconsider the treatment of preferred stock HOUSTON--(BUSINESS WIRE)--As previously announced, NRC Group Holdings Corp. (NYSE American: NRCG) has entered into a definitive merger agreement with US Ecology, Inc. (Nasdaq-GS: ECOL) pursuant to which US Ecology will form a new holding company that immediately upon the closing of the transaction will own both US Ecology and NRCG.Pursuant to the merger, all shares of NRCG common stock and 7.00% Series A Convertible Cumulative Preferred Stock outstanding immediately prior to the closing of the merger will be converted into shares of common stock of the new holding company.Certain holders of NRCG’s 7.00% Series A Convertible Cumulative Preferred Stock have urged NRCG to reconsider the terms of the transaction providing for the conversion of NRCG’s 7.00% Series A Convertible Cumulative Preferred Stock, asserting that such conversion pursuant to the merger breaches certain provisi
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