Ecolab agreed to acquire CoolIT Systems from funds managed by KKR for approximately $4.75 billion in cash, subject to customary adjustments. The all-cash deal is a sizable strategic acquisition for Ecolab and is likely to be material to its balance sheet and could move the stock modestly (low-single-digit %) on deal specifics or financing details.
Ecolab agreed to acquire CoolIT Systems from funds managed by KKR for approximately $4.75 billion in cash, subject to customary adjustments. The all-cash deal is a sizable strategic acquisition for Ecolab and is likely to be material to its balance sheet and could move the stock modestly (low-single-digit %) on deal specifics or financing details.
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moderately positive
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0.45
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