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Henkel To Sell Ecolab Position

Move ends a 19-year union between the companies.

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By: TOM BRANNA

Editor

At the request of stockholder Henkel AG & Co. KGaA, Ecolab has filed a registration statement with the Securities and Exchange Commission to enable Henkel to sell all of the 72.7 million Ecolab shares it holds. Ecolab and Henkel have also agreed to amend the stockholder’s agreement between the parties to facilitate the offering.     Ecolab further announced that it has agreed to purchase $300 million of its shares directly from Henkel in conjunction with Henkel’s sale of Ecol...

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