Univar to Acquire Nexeo Solutions
March 11, 2019
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, the company reported.
“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.
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.