chmcnfunds
13 years ago
The other side of the buyout -- statement from Ecolab:
Ecolab Agrees to Buy Nalco for $5.4 Billion
BY MICHAEL J. DE LA MERCED AND CHRIS V. NICHOLSON
10:18 a.m. | Updated
Ecolab agreed on Wednesday to buy Nalco Holding, a water treatment company, for $5.4 billion in stock and cash in the disinfectant maker’s largest-ever takeover.
Under the terms of the deal, Ecolab will pay either .7005 of a common share or $38.80 a share in cash, a 32 percent premium over Nalco’s Tuesday closing price. Up to 30 percent of Ecolab’s bid is payable in cash.
Ecolab shareholders appeared unhappy with the high price of the deal, with the company’s shares plummeting more than 7.3 percent to $51.32 on Wednesday morning. Shares in Nalco jumped 24.8 percent to $36.03.
Yet Ecolab’s management argued that buying Nalco would bolster its presence in a profitable business and add more customers. Ecolab currently makes cleaning products for a broad range of industries, including the restaurant, hospitality and health care sectors.
“We identified water management as a key future growth segment for us given its growth characteristics and importance to our customers,” Douglas M. Baker, Ecolab’s chairman and chief executive, said in a statement.
Among Nalco’s best-known products is Corexit 9500, an oil dispersant that was used to help clean up the Deepwater Horizon oil spill in the Gulf of Mexico last year.
In 2010, Nalco reported $196.2 million in net income on revenue of nearly $4.3 billion. Its shares have risen 27 percent in the last year.
Nalco, which has 12,000 employees and operations in 150 countries, helps treat industrial waste water, and provides services for companies to reduce their energy consumption.
Ecolab said it plans to reap about $150 million in cost savings, and that the deal will add to its earnings per share beginning this year. The company also said it expects to maintain an investment-grade credit rating.
The deal is expected to close in the fourth quarter, pending shareholder and regulatory review.
Ecolab was advised by Bank of America Merrill Lynch and the law firm Baker & McKenzie. Nalco was advised by Goldman Sachs and the law firm Cravath, Swaine & Moore.
_________________________________________________________________
http://dealbook.nytimes.com/2011/07/20/ecolab-to-buy-nalco-for-5-4-billion/
NLC
chmcnfunds
13 years ago
Nalco Holding Company Announces Agreement To Merge With Ecolab, Inc.
6:30am EDT
Nalco Holding Company announced that the Company has entered into a definitive merger agreement with Ecolab Inc. (Ecolab), a company in cleaning, sanitizing, food safety and infection prevention products and services. Under the terms of the agreement, Nalco's shareholders may elect to receive either 0.7005 share of Ecolab common stock per share of Nalco common stock or $38.80 in cash, without interest, per share of Nalco common stock. The overall mix of consideration paid to Nalco shareholders will be approximately 30% cash and 70% stock. In order to achieve this mix of consideration, the agreement provides for adjustments to and reallocation of cash and stock elections made by Nalco shareholders, as well as the allocation of Nalco shares owned by shareholders who fail to make an election, to achieve the overall 30%/70% cash/stock consideration mix. Based on the closing price of Ecolab common stock on July 19, 2011, the aggregate consideration paid on a fully-diluted basis is $38.80 per Nalco share, or $5.4 billion. The consideration represents a 34% premium to Nalco's closing stock price on July 19, 2011. In the aggregate, Ecolab will issue approximately 68.9 million shares of Ecolab stock and pay approximately $1.6 billion in cash. Ecolab will also assume Nalco outstanding debt of approximately $2.7 billion, resulting in a total transaction value of $8.1 billion. The merger agreement is expected to close in the fourth quarter of 2011.
___________________________________________________________________
http://www.reuters.com/finance/stocks/NLC/key-developments/article/2367186
Looking very good!!!!
NLC
Pro-Life
14 years ago
San Francisco Chronicle: Leaked Corexit Information
http://www.sfgate.com/cgi-bin/blogs/ybenjamin/detail??blogid=150&entry_id=67412
Chemistry is a fascinating science. Mix chemical A with chemical B, raise the temperature and bang... a new compound. It could be good. It could be bad. It could be nothing. To know something, it needs extensive testing. Simply testing in a flask or test tube is not enough. Proper testing takes time and is expensive.
The question to which no one knows the answer is how Corexit reacts to all the chemical and compound elements gushing from BP's volcanic crude oil disaster. It is a difficult question because there are hundreds of variables at play - Examples are pressure, water salinity, temperature, light, bioaccumulation, wave action, so many others and the hardest... time. There are also allegations that Corexit was responsible for "work injuries" and linked to possible deaths during the Exxon Valdez disaster.
Anyway, someone emailed me the "complete" assay of the "crude oil" spewing from the BP gusher. Take a look below.
Are there volunteer chemists who want to post on the comments section?
Read more: http://www.sfgate.com/cgi-bin/blogs/ybenjamin/detail??blogid=150&entry_id=67412#ixzz0tFqIes6s
.....................................
NALCO Corexit 9500 label warnings indicate you should not breathe the stuff in, get it in your eyes, skin or clothing or drink it.
We still don't know the Corexit proportion mix and there are uncorroborated tips coming into my mail box that the ingredient list is not complete. As a refresher the ingredients in Corexit are below.
NALCO COREXIT INGREDIENT LIST (Not written by a PR company)
1,2-Propanediol - The primary ingredient in aircraft anti-freeze and automotive anti-freeze. Used as the killing and preserving agent in pitfall traps, usually used to capture ground beetles. Mixing anti-freeze with heavy metals (iron, cobalt, copper, manganese, molybdenum, zinc, mercury, plutonium, lead, arsenic, aluminium, mercury, cadmium... see list of ingredients spewed by the volcanic oil gusher) makes it very toxic. Not recommended for your aquarium. Don't try going to a sushi restaurant, get salmon eggs, tobiko or uni and start soaking them in anti-freeze.
Ethanol, 2-butoxy-
Butanedioic acid, 2-sulfo-, 1,4-bis(2-ethylhexyl) ester, sodium salt (1:1) - Animal studies on rats and rabbits show depression, diarrhea, lethargy, irritation and hemorrhage of the gastrointestinal tract, erythema, edema, premature skin death, malformed fetuses, irritation, coarse skin and of course - death! Oh... it kills fish!
Sorbitan, mono-(9Z)-9-octadecenoate - NOAA CAMEO (Comparative Analysis Of Marine Ecosystem Organization) Chemicals page states that exposure to this chemical may cause "chemical pneumonitis", intestinal obstruction, and eye, skin and respiratory tract irritation.
Sorbitan, mono-(9Z)-9-octadecenoate, poly(oxy-1,2-ethanediyl) derivs.
Sorbitan, tri-(9Z)-9-octadecenoate, poly(oxy-1,2-ethanediyl) derivs - No toxicity warning found on this stuff. Yey!
2-Propanol, 1-(2-butoxy-1-methylethoxy) - The National Institute for Occupational Safety and Health's Registry of Toxic Effects of Chemical Substances lists it as a suspected neurotoxicant.
Distillates (petroleum), hydrotreated light - Kerosene... also sold as GumOut Small Engine Gas Treatment I do not recommend you put GumOut in your aquarium... the fish might not be happy.
From available research we know Corexit 9527 (slightly different from Corexit 9500) is toxic to marine biota, including mussels, clams, sea urchins, marine fishes, copepods, and plankton.
So many unanswered questions!
A LIST OF ALL CHEMICALS, ELEMENTS AND CRUDE OIL TYPES GUSHING OUT OF THE VOLCANIC BP OIL GUSHER
Read more: http://www.sfgate.com/cgi-bin/blogs/ybenjamin/detail??blogid=150&entry_id=67412#ixzz0tFqivext
...................................
Unconfirmed leak: Deepwater Horizon chemical assay test of Light Louisiana Crude... It's not a surprise, it's not pure oil!
Read more: http://www.sfgate.com/cgi-bin/blogs/ybenjamin/detail??blogid=150&entry_id=67412#ixzz0tFqwo2oI
TeeShirtGuy
15 years ago
Just one of todays news releases for Nalco
THE ASSOCIATED PRESS May 3, 2010, 3:00PM ET text size: TT
Nalco shares jump on Gulf spill assistance
NEW YORK
Shares of Nalco Holding Co. soared Monday after the company said it is providing a chemical that's helping to disperse oil in the massive Gulf of Mexico spill.
The company said it will continue to provide these dispersants, which break up the crude and makes it biodegradable, for as long as cleanup crews need them.
Nalco, based in Naperville, Ill., said the products haven't had a significant impact on sales.
"But it is impossible to predict at this time how long this incident will last or the magnitude of the overall response needed," Nalco Chairman and CEO Erik Fyrwald said in a statement.
"Our suppliers have shown us great support in getting us the raw materials we need," Fyrwald added. "This has really been an industrywide effort to limit the impacts of the spill."
The spill occured after a rig owned by Transocean Ltd. and operated by BP PLC exploded and sank in the Gulf on April 20. An oil slick has already reached the coast of southeastern Louisiana. On Monday, oil producer BP said it will pay for all the cleanup costs from the spill.
Shares of Nalco leaped as much as 17 percent Monday to a new year high of $29.25. The stock recently was up $1.54, or 6.2 percent, at $26.27 in afternoon trading.
Shares of other chemical and detergent makers have also gained on hopes of a potential boost in business from the spill.
Pro-Life
15 years ago
As U.S. Congress and EPA Consider New Mercury Removal Standards, Nalco Announces New Service
http://finance.yahoo.com/news/As-US-Congress-and-EPA-pz-2669400157.html?x=0&.v=1
Press Release Source: Nalco Company On Monday March 29, 2010, 9:00 am EDT
NAPERVILLE, Ill., March 29, 2010 (GLOBE NEWSWIRE) -- Many states are already taking steps to limit mercury discharges, and the U.S. Environmental Protection Agency and Congress are considering new federal regulations as well. Nalco (NYSE:NLC - News), providing essential expertise for water, energy and air, has expanded its capability to help industry, especially power generators, meet current and pending regulations by reducing mercury emissions.
Predict Hg(TM) is a new service that allows Nalco's power customers to effectively model their emissions and forecast the expected mercury content by simulating different removal processes.
"Predict Hg uses samples from a customer's own wastewater stream to identify and rank the available chemical and mechanical treatments and identifies the best options to remove mercury from plant wastewater," said Dave Flitman, Nalco Senior Executive Vice President and President Water and Process Services. "This allows the customer to select practical, cost-effective solutions before making capital investments or expensive process changes to meet or prepare for discharge limits."
Using Nalco Predict Hg, a sample is drawn from a customer's Flue Gas Desulfurization (FGD) wastewater stream and then sent to the Nalco Center of Innovation. There various treatment options are evaluated and the analysis determines the degree of mercury reduction possible, addressing the effectiveness and cost of potential chemical, operational and mechanical methods.
For example, a power plant in Illinois sought to reduce its mercury discharge, but needed to understand the cost of the potential reduction. Nalco evaluated the FGD waste stream, conducted a number of chemical and mechanical evaluations and achieved a 99.7 percent reduction in FGD wastewater mercury concentrations. Also included in the project were budgetary and technical estimates of the cost to further reduce mercury discharge to achieve a 99.9 percent total reduction.
Nalco Predict Hg is a powerful addition to Nalco's metal removal technologies, which includes pre-combustion and coal treatment through the firing process, flue gas capture and re-emission control, and patented treatment technologies that allow customers to reduce mercury wastewater emissions to the low part per trillion levels.
911
15 years ago
TheFortuneFinancial.com Free Market Research on ARO, GPS, ECL, NLC, BBD and EXM
NEW DELHI, INDIA -- (Marketwire) -- 11/06/09 -- TheFortuneFinancial.com provides the highest level of independent research and investment strategies with the sole purpose of consistently identifying stocks that provide the biggest return on investment for our subscribers. Investors seeking free and unbiased analyst opinions on the companies mentioned in this release are encouraged to register at http://www.thefortunefinancial.com/ for a free subscription to access these reports.
Today, we have asked some of the top analysts worldwide to give us their updated feedback regarding the current market activity and position on Aeropostale Inc. (NYSE: ARO), Gap Inc. (NYSE: GPS), Ecolab Inc. (NYSE: ECL), Nalco Holding Co. (NYSE: NLC), Banco Bradesco S.A. (NYSE: BBD) and Excel Maritime Carriers Ltd. (NYSE: EXM).
To have free access to these analyst opinions, sign up now to www.thefortunefinancial.com by clicking the link below. We have other reports that could be of interest to you and they are free of charge with no strings attached.
http://www.thefortunefinancial.com/
All analyst reviews will be posted for free under "today's articles" within 24 hours they are advertized online.
Each interview will vary and may include, but will not be limited to the following:
- An Unbiased View of the Company
- Short-term Target Prices
- Long-term Resistance and Support Levels
- Analyst Opinions
- Sector Review
- Competition Overview
Investors looking to access these analytical opinions and reports are encouraged to sign up now at http://www.thefortunefinancial.com/
Being a member with www.thefortunefinancial.com gives the unique opportunity to receive a free "custom stock review" on any large cap equity you currently hold in your portfolio. Simply sign up for your free membership today, and in the members section of www.thefortunefinancial.com, you can submit your stock review to an analyst for his or her opinion of any stocks you currently following by filling out the form under the tab "request a stock review."
TheFortuneFinancial.com is not affiliated or compensated by any of the above mentioned companies, nor do we own a position in any of the companies.
NYSE:ARO NYSE:GPS NYSE:ECL NYSE:NLC NYSE:BBD NYSE:EXM
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
fink
15 years ago
Hot Features
Premium
