Univar to Acquire Nexeo Solutions

Univar shareholders have approved all proposals related to the acquisition of Nexeo Solutions. The agreement was approved by more than 99 percent of votes cast at the Univar special meeting, representing the affirmative vote of approximately 88 percent of the issued and outstanding shares of Univar common stock.

“We are pleased that Univar shareholders have voiced their support for our acquisition of Nexeo Solutions,” said David Jukes, Univar president and chief executive officer. “Today’s vote clears the way to complete this transformational transaction and takes us one step further toward our vision of creating the most valued chemical and ingredients distributor in the world — delivering significant value for shareholders and creating exciting opportunities for our customers, suppliers, and employees.”

Nexeo Solutions’ key stockholders, funds affiliated with TPG Global, LLC and First Pacific Advisors, LLC, have provided their consent for the proposed transaction, and the holders of more than 90 percent of Nexeo Solutions’ outstanding shares of common stock provided their written consent for the transaction.

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from American Coatings Association https://www.paint.org/univar-to-acquire-nexeo-solutions/
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