Nalco shareholders approve Ecolab merger Nov. 30; merger expected to close prior to end of 2011, following final regulatory clearances, fulfillment of customary closing conditions
November 30, 2011
Nalco Holding Company (NYSE: NLC) announced that its stockholders voted to adopt the previously announced merger agreement dated July 19, 2011 with Ecolab Inc. (NYSE: ECL). The approval came at a special meeting held today in Naperville, Ill. More than 99.9 percent of the votes cast and 74 percent of shares outstanding were voted in favor of the transaction.
Closing will be completed upon receipt of final regulatory clearances and the fulfillment of other customary closing conditions. All regulatory clearances required to complete the merger have been received except with respect to China antitrust. We expect the merger to close prior to the end of 2011.
Nalco is the world's largest sustainability services company focused on industrial water, energy and air applications; delivering significant environmental, social and economic performance benefits to our customers. We help our customers reduce energy, water and other natural resource consumption, enhance air quality, minimize environmental releases and improve productivity and end products while boosting the bottom line. Together our comprehensive solutions contribute to the sustainable development of customer operations. Nalco is a member of the Dow Jones Sustainability World and North America Indexes. More than 13,000 Nalco employees operate in 150 countries supported by a comprehensive network of manufacturing facilities, sales offices and research centers to serve a broad range of end markets. In 2010, Nalco achieved sales of $4.25 billion. For more information visit www.nalco.com.