United Water Parent -- Suez Lyonnaise des Eaux --
to Merge with Nalco
|NAPERVILLE, Ill. (Dow Jones)--Nalco Chemical Co.'s (NLC) shareholders approved the
merger of Nalco and a unit of Suez Lyonnaise des Eaux (F.SLX).
Terms weren't disclosed.
In a press release Monday, Nalco said the merger completes Suez Lyonnaise's acquisition of Nalco.
As reported in July, Suex Lyonniaise began a cash tender offer for Nalco's common shares at $53 a share.
Suez Lyonniase, which supplies drinking water and wastewater services, had annual revenue of $32.5 billion.
Nalco Chemical, with 1998 sales of $1.57 billion, makes water treatment and process chemicals, services and systems.
-Karen M. Chow; Dow Jones Newswires; 201-938-5388