Bull & Lifshitz, LLP Announces Investigation of Nalco Holding Company
July 21 2011 - 3:45PM
Business Wire
Bull & Lifshitz, LLP announces an investigation into
possible breaches of fiduciary duty in connection with the proposed
sale of Nalco Holding Company (NYSE: NLC - News) ("Nalco" or the
“Company”) to Ecolab Inc. (“Ecolab”) in a cash and stock merger
whereby Ecolab will also assume Nalco outstanding debt of
approximately $2.7 billion, resulting in a total transaction value
of $8.1 billion.
Under the terms of the agreement, Nalco's shareholders may elect
to receive either 0.7005 share of Ecolab common stock per share of
Nalco common stock or $38.80 in cash, without interest, per share
of Nalco common stock. The overall mix of consideration paid to
Nalco shareholders will be approximately 30% cash and 70% stock. In
the aggregate, Ecolab will issue approximately 68.9 million shares
of Ecolab stock and pay approximately $1.6 billion in cash.
Bull & Lifshitz, LLP's investigation is focused on whether
the proposed deal provides adequate value to the Company’s
shareholders.
If you are a holder of Nalco common stock and want to discuss
your legal rights, you may e-mail or call Bull & Lifshitz, LLP
who will, without obligation or cost to you, attempt to answer your
questions.
If you are a shareholder of Nalco and would like more
information about our investigation, please contact Peter D. Bull,
Esq. by telephone at (866) 313-6222 or by sending an e-mail
including your contact information to: counsel@nyclasslaw.com. All
e-mail correspondence should make reference to Nalco.
Bull & Lifshitz, LLP is a New York City-based law firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please visit our website at www.nyclasslaw.com.
ATTORNEY ADVERTISING. © 2011 Bull & Lifshitz, LLP.
The law firm responsible for this advertisement is Bull &
Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212)
213-6222. Prior results do not guarantee or predict a similar
outcome with respect to any future matter.
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