30 August 2011 00:11 [Source: ICIS news]
HOUSTON (ICIS)--US anti-monopoly regulators have ended the waiting period for Ecolab's pending $5.4bn (€3.7bn) acquisition of water-treatment chemical producer Nalco, bringing the deal closer to completion, the US-based cleaning-chemicals firm said on Monday.
The US Federal Trade Commission imposes the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, Ecolab said.
The acquisition still needs to be approved by the stockholders of both companies.
Ecolab expects that the deal will close in the fourth quarter.
($1 = €0.69)
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|