Special Shareholder Meeting Date set for late February
Global chemical and ingredients distributor Univar Inc. (Downers Grove, IL – United States) and global chemicals and plastics distributor Nexeo Solutions, Inc. (The Woodlands, TX – United States) announced on Tuesday that Univar has established a special meeting date of 27. February 2019, to have it’s shareholders vote on the proposals necessary to complete the previously announced Agreement and Plan of Merger, dated 17. September 2018 (the “Merger Agreement”), pursuant to which Univar has agreed to acquire Nexeo Solutions.
Univar shareholders of record as of the close of business on 22. January 2019 will be entitled to vote at the special meeting on 27. February 2019. The transaction remains subject to other customary closing conditions, including approval by other national regulatory authorities.
Nexeo Solutions’ key shareholders, funds affiliated with TPG Global, LLC and First Pacific Advisors, LLC, have provided their consent for the proposed transaction, the announcement said. The transaction is expected to be completed in Q1-2019, subject to the satisfaction of remaining closing conditions.
Source: Univar / Nexeo press release
HGE – DCG / 31.01.2019