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...Tom Atkinson, a manager at Axa Investment Managers, saw his predictions for a strong year for US agricultural and water stocks come half true: companies like Veolia and Ecolab did well, but Deere and Trimble...
...If you include water purification and pest control giant Ecolab as kinda in the same business (getting rid of unwanted stuff, whether germs, garbage or bedbugs) then the sector accounts for 52.5 per cent...
...Three years ago, Ecolab (cleaning services) bought Nalco (water treatment) for $8bn, including debt. A big deal – Ecolab’s enterprise value was $14bn at the time....
...Ecolab is offering Nalco shareholders $38.80 in cash or 0.7005 Ecolab shares for every share in Nalco, representing a 34 per cent premium to Nalco’s closing price on Tuesday....
...The basic problem with these arguments, and likely reason for the tumble in Ecolab’s shares on Tuesday, however, is that Ecolab’s appeal to investors is less its growth than its stability and strong returns...
...cent of the $4.3bn purchase price, the adjusted trailing multiple of enterprise value to earnings before interest, tax, depreciation and ammortisation is 8.7 times, about three-quarters of competitors Ecolab...
...Ecolab , a US sanitation technology group, led declines after announcing plans to acquire water technology group Nalco for $5.4bn. The shares fell 7.4 per cent to $51.31....
...Ecolab, which provides cleaning and sanitising products, also ended the day up 0.6 per cent at $42.32....
...Last month, it said it would sell its 29 per cent stake in cleaning services provider Ecolab, which would raise $2bn....
...Henkel plans to sell some or all of its 29.4 per cent stake in Ecolab, the US cleaning company, a move that could net more than $1bn at Wednesday’s stock price....
...Henkel yesterday confirmed it did not plan to sell its 28 per cent stake in Ecolab for the time being. The transaction also removes the need for Henkel to issue a bond to finance the Dial buy....
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