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Ecolab Inc. (ECL) said Monday it will sell part of chemical maker Champion Technologies Inc. to Clariant AG (CLN.VX) under an agreement with the U.S. Justice Department aimed at maintaining a competitive market for chemicals used in oil and gas wells in the Gulf of Mexico.Ecolab's agreement with the department would remove the last hurdle for Ecolab to complete its purchase of privately held Champion for about 2.2 billion in cash and stock. The settlement, which is subject to federal court approval, will require Ecolab to divest Champion's line of chemicals and is service business for deepwater wells in the Gulf. Ecolab already competes in the Gulf market through its Nalco Holding Co. subsidiary, causing Justice Department regulators to conclude Ecolab's purchase of Champion would "lead to higher prices, reduced service quality and diminished innovation," the department said in a release."The proposed remedy will preserve competition to provide these critical services, which support ef...
DOW JONES NEWSWIRESEcolab Inc.'s (ECL) fourth-quarter earnings fell 32% on restructuring and acquisition-related charges.Shares slid 2.9% to $60.80 in premarket trad...
DOW JONES NEWSWIRESEcolab Inc. (ECL) unveiled a restructuring plan to streamline its global business and enhance expected cost savings from its $5.6 billion acquisit...
FOX Business: The Power to ProsperAfter spending much of the day locked into a tight range, the markets closed modestly lower on Wednesday as traders considered what...
FBN's Adam Shapiro on Nalco Holding Company's shares climbing on its buyout deal with Ecolab, and a market update.
Ecolab (NYSE:ECL) unveiled a $5.4 billion deal on Wednesday to take over water treatment services company Nalco Holding (NYSE:NLC) in a transaction that carries a 34...
November 29, 2010 04:25 PM UTC by Liz Claman65 Companies Citi's Levkovich Says Show Him Emerging Markets Might Be OverdoneCitigroup’s Investment Research Chief U.S. ...
Ecolab Inc. (ECL) has agreed to divest certain assets used by Champion Technologies Inc. before the companies can merge, the Department of Justice said in a statemen...
Ecolab Inc.'s (ECL) fourth-quarter earnings surged on strong revenue while benefiting from a comparison with a year-earlier period that was bogged down by higher one...
Ecolab Inc. (ECL) has agreed to buy chemical maker Champion Technologies in a $2.21 billion cash and stock deal that will move the cleaning-products company deeper i...
Ecolab Inc. (ECL) has agreed to buy energy company Champion Technologies for $2.21 billion in cash and stock as the company looks to expand its footprint and move de...
DOW JONES NEWSWIRESEcolab Inc. (ECL) has raised prices for water and process services provided by Nalco, which it acquired late last year, as the company seeks to am...
DOW JONES NEWSWIRESTyco International Ltd. (TYC) said Nalco executive Kathryn Mikells will become the chief financial officer of security business ADT Corp., which w...
Ecolab Inc.'s (ECL) fourth-quarter earnings fell 32% because of expenses for the acquisition Nalco Holding Co., but Chairman and Chief Executive Doug Baker said he's...
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