VALHI, INC. TERMINATES THE PURCHASE AGREEMENT FOR THE SALE OF WASTE CONTROL SPECIALISTS TO ENERGYSOLUTIONS
June 23 2017 - 4:15PM
DALLAS, TEXAS . . . June 23, 2017 . . . As
previously announced, on June 21, 2017, the U.S. District Court for
the District of Delaware issued an order enjoining the sale of
Waste Control Specialists LLC (WCS), a wholly owned subsidiary of
Valhi, Inc. (Valhi) (NYSE: VHI), to EnergySolutions, Inc. (EnergySolutions). While Valhi disagrees with the
Court's decision, the parties have determined that they will not
appeal the decision to the Third Circuit Court of Appeals. On
June 22, 2017, Andrews County Holdings, Inc., a subsidiary of
Valhi, provided written notice to Rockwell Holdco, Inc.
("Rockwell"), the parent company of EnergySolutions, terminating the purchase agreement for the
sale of WCS to Rockwell effective June 22, 2017.
Valhi, Inc. is engaged in the titanium dioxide
products, component products (security products and recreational
marine components), waste management and real estate management and
development industries.
Source: Valhi, Inc.
Contact: Janet G. Keckeisen, Vice
President--Corporate Strategy and Investor Relations,
972-233-1700
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Valhi, Inc. via Globenewswire
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