Brief: Univar Solutions To Be Acquired By Apollo Funds For $8.1 Billion

Univar Solutions

14/03/2023 12:13

March 14 (Reuters) - Univar Solutions Inc  UNVR.N :
    * UNIVAR SOLUTIONS TO BE ACQUIRED BY APOLLO FUNDS FOR $8.1
BILLION
    * UNIVAR SOLUTIONS INC - UNIVAR SHAREHOLDERS TO RECEIVE
$36.15 PER
SHARE IN CASH
    * UNIVAR - DEAL WILL BE FINANCED WITH EQUITY PROVIDED BY
APOLLO
FUNDS, A MINORITY EQUITY INVESTMENT FROM A WHOLLY OWNED
SUBSIDIARY OF ADIA
    * UNIVAR - DEAL WILL ALSO BE FINANCED COMMITTED DEBT
FINANCING
PACKAGE
    * UNIVAR SOLUTIONS INC- UPON COMPLETION OF TRANSACTION,
SHARES OF
UNIVAR SOLUTIONS COMMON STOCK WILL NO LONGER TRADE ON NEW YORK
STOCK EXCHANGE
    * UNIVAR SOLUTIONS INC - TRANSACTION IS EXPECTED TO CLOSE IN
SECOND HALF OF 2023
    * UNIVAR SOLUTIONS INC- UNIVAR SOLUTIONS WILL CONTINUE TO
OPERATE
UNDER UNIVAR SOLUTIONS NAME AND BRAND AND MAINTAIN A GLOBAL
PRESENCE POST DEAL
    * UNIVAR SOLUTIONS INC- TRANSACTION IS NOT SUBJECT TO A
FINANCING
CONDITION

Source text for Eikon:  ID:nPn94kxkGa 
Further company coverage:  UNVR.N 

 ((Reuters.Briefs@thomsonreuters.com;))