Coronavirus grounds dealmakers seeking to brave market turmoil [Reuters]
Ecolab Inc. (ECL)
Last ecolab inc. earnings: 4/28 08:30 am
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Source: Reuters
Coronavirus grounds dealmakers seeking to brave market turmoil March 13 (Reuters) - Even as the market rout fueled by the coronavirus brings most corporate dealmaking to a halt, buyout firms are competing fiercely to acquire Air Liquide SA’s disinfectant making unit Schuelke, as demand for hand sanitizers and medical cleaning supplies surges due to the fast-spreading disease. There is just one problem. Travel restrictions are preventing dealmakers from flying over to visit Schuelke’s factories in Germany and carry out the due diligence needed for the deal. EQT AB, Clayton, Dubilier & Rice LLC, PAI Partners and Ardian Holding are among the private equity firms asked by Air Liquide to submit second-round offers for Schuelke by the end of March, according to people familiar with the matter. Ecolab Inc, a St. Paul, Minnesota-based U.S. cleaning and pest-control services company, was also asked to bid, according to the sources, who requested not to be identified discussing the confidential
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ECL
Earnings
- 10/29/24 - Beat
ECL
Sec Filings
- 12/13/24 - Form 3
- 12/10/24 - Form 4
- 12/6/24 - Form 4
- ECL's page on the SEC website