KeyBanc Upgrades U.S. Ecology (ECOL) to Buy
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April 8, 2014 7:23 AM EDT
Wells Fargo upgraded U.S. Ecology (NASDAQ: ECOL) from Market Perform to Outperform with a price target of $42-$44 (from $35-$37).
Analyst Justin Ward said, "We believe that The Environmental Quality Company (EQ) acquisition announced yesterday (4/7/14)... More
April 7, 2014 6:17 AM EDT
US Ecology, Inc. (Nasdaq: ECOL) announced that it has entered into a definitive stock purchase agreement to acquire EQ - The Environmental Quality Company ("EQ"), a fully-integrated environmental services and waste management company based in Wayne, Michigan, with facilities throughout the Eastern United States. EQ is owned by an affiliate of New York based private equity fund Kinderhook Industries, LLC. The transaction, valued at $465 million, is expected to close in the second or third quarter of 2014 and is subject to customary closing conditions, and a purchase price adjustment based on working capital. The... More
