Ecolab hopes to close Champion deal next month

Author:
Updated:
Original:

Ecolab Inc. says the closing of its planned purchase of Champion Technologies “will be delayed beyond March 31 but is expected to occur before April 15," according to a company news release.

The St. Paul-based cleaning and sanitation products maker is still working with federal regulators to resolve antitrust issues raised by the Justice Department.

"Discussions with the DOJ have progressed, and we believe the likely resolution will not meaningfully impact the strategic value and economics that originally compelled us to make this acquisition," the company said. "While we are confident that we will successfully conclude the transaction, it remains possible that the transaction will not be completed on the timing discussed or at all."

Ecolab first announced the $2.2 billion deal to buy the Houston-based specialty chemical company last October. Terms of the purchase agreement were amended in December, which dropped the value of the transaction to $2.16 billion.

The acquisition was originally expected to close before the end of 2012.

Next Up

Antoine Winfield Jr.

Watch: Gopher alums Antoine Winfield Jr., Tyler Johnson make key plays in Bucs' playoff win

The Minnesota greats had a pair of highlights as Tampa Bay advanced to the NFC Championship.

Er-hgw7XYAQup5n

Crews respond to fire at Gertens in Inver Grove Heights

It's reported that a greenhouse on the grounds was on fire.

Marcus Carr

Why the Gophers could be in line for a high seed in the NCAA Tournament

The Gophers are done with a brutal stretch and are poised to make a run.

police tape

Authorities ID man fatally struck by 'errant bullet' in Willmar

The man was working in his garage when he was fatally shot.

ambulance

1 dead, 1 critically injured in head-on crash on Highway 169

The State Patrol says driving impaired may have been a factor in the crash.

Richard Pitino

Gophers game against Nebraska postponed due to COVID outbreak

The Cornhuskers have had 12 members of its team test positive for COVID-19.

Bob Kroll

What Minneapolis Police Lt. Bob Kroll said in Sunday radio interview

Kroll said that once he's retired he'll go "radio silent."

coronavirus, SARS-CoV-2, covid-19

Here is Minnesota's COVID update for Sunday, January 17

The health department provides updates daily at 11 a.m.

Sen. Julia Coleman

'No one's business': State senator calls out attack on her pregnancy

Sen. Julia Coleman represents Minnesota's District 47.

Willmar Police Department

'Errant bullet' goes through garage wall, kills Willmar man

The man was working in his garage when he was shot, witnesses said.

Related