The Briscoe Law Firm and Powers Taylor, LLP Announce Investigation of Nalco Holdings Company

The Briscoe Law Firm, PLLC, founded by a former enforcement attorney for the United States Securities and Exchange Commission, and the securities litigation firm of Powers Taylor, LLP are investigating potential legal claims against the Board of Directors of Nalco Holdings Company (“Nalco Holdings” or “NLC”) (NYSE:NLC) related to the merger of Nalco Holdings with Ecolab Inc. (NYSE:ECL).

The definitive acquisition agreement involves a cash and stock transaction valued at approximately $5.4 billion. Under the proposed buyout, Nalco Holdings shareholders may elect to receive either $38.80 in cash or 0.7005 shares of Ecolab stock for each share of Nalco Holdings/NLC common stock they hold. The transaction is expected to close in the fourth quarter of 2011.

The firms are investigating the fairness of the proposed transaction to Nalco Holdings shareholders, whether the shareholders are being underpaid for their stock, and whether Nalco Holdings’ Board of Directors acted in the shareholders’ best interests. In particular, Nalco Holdings recently reported positive preliminary second quarter financial results, including record sales of $1.2 billion. In addition, Nalco Holdings’ shares have increased in value approximately 27% over the past year. Based on these and other factors, the firms are critically evaluating whether Nalco Holdings’ Board of Directors considered all potential alternatives and obtained the best price for the shareholders.

If you currently own shares of Nalco Holdings/NLC and would like additional information regarding this investigation, or if you have information regarding the allegations involved in this transaction, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.

The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation matters.

Powers Taylor, LLP is a boutique litigation firm that handles a variety of complex business litigation matters nationwide, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

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