Acquisition of Nexeo Solutions by Univar to close today
Global chemical and ingredients distributor Univar, Inc. (Downers Grove, IL – United States) has announced that the company’s shareholders have approved all proposals related to the acquisition of Nexeo Solutions, Inc. (The Woodlands, TX – United States) at a special meeting on on 27.02.2019.
This includes the issuance of shares of Univar common stock in connection with the transactions contemplated, which was approved by more than 99% of votes cast, representing the affirmative vote of approximately 88% of the issued and outstanding shares of Univar common stock, the announcement said. As all required regulatory approvals in connection with the transaction have been received, the acquisition is expected to become effective today, subject to the satisfaction of the remaining customary conditions to closing.
David Jukes, President and CEO of Univar commented: “We are pleased that Univar shareholders have voiced their support for our acquisition of Nexeo Solutions.”
Source: Univar press release
HGE – DCG / 28.02.2019