Univar and Nexeo Solutions Announce Expiration of Hart-Scott-Rodino Waiting Period
NEXEO SOLUTIONS INC (NXEO)
Last nexeo solutions inc earnings: 8/6 04:20 pm
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Source: GlobeNewswire
DOWNERS GROVE, Ill. and THE WOODLANDS, Texas, Nov. 16, 2018 (GLOBE NEWSWIRE) -- Univar Inc. (NYSE: UNVR) (“Univar”) and Nexeo Solutions, Inc. (NASDAQ: NXEO) (“Nexeo Solutions”) today announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, relating to the previously-announced acquisition of Nexeo Solutions by Univar, expired on November 15, 2018. The expiration of the waiting period is a condition to the closing of the transaction. The transaction remains subject to other customary closing conditions, including approval by other national regulatory authorities and shareholder approval. Nexeo Solutions’ key stockholders, TPG and First Pacific, have agreed to provide consent for the proposed transaction. Subject to the satisfaction of the remaining closing conditions, the transaction is now expected to be completed in the first quarter of 2019.
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