Tagged ECL

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Ecolab to Spin Off Upstream Unit

ST. PAUL, Minn.–(BUSINESS WIRE)– Ecolab Inc. is announcing it plans to spin off its Upstream energy businesses as a stand-alone publicly-traded company. The Upstream Energy business currently operates within Ecolab’s Energy segment and consists of the Oil Field Chemicals production business and the WellChem drilling and well completion chemistry business. Ecolab plans to retain the…

Initial 13D on Ecolab Inc

(Ecolab has a market cap of $11.6 billion and is aquiring Nalco for $5.4 billion in a part cash/part stock deal; Filers Cascade and Gates Foundation collectively own 9.7%; while the 13D does not disclose any specifics, the merger will require shareholder vote and so this filing could be meaningful; what also noteworthy is that 12.5 mm…