Ecolab Swallows Up Chemical Co. In $2B Cash-And-Stock Deal

Law360, New York (October 12, 2012, 2:23 PM EDT) -- Sanitation and pest control company Ecolab Inc. plans to take over specialty chemical maker Champion Technologies Inc. in a cash-and-stock deal valued at $2.2 billion that will allow Ecolab to expand its services for the energy industry, it said Friday.

Ecolab will pay about $1.7 billion in cash for the oilfield chemical production company and issue 8 million shares of common stock to make up the difference. The deal is expected to close by the end of the year and be accretive to the tune of...
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