By Grant McCormick, The Chicago Times
March 14, 2023
DOWNERS GROVE, IL – Univar Solutions Inc. announced today that it will be purchased by Apollo after the two companies entered into a definitive merger agreement to be completed in an all-cash transaction of approximately $8.1 billion. According to Univar, the transaction includes a minority investment from a wholly owned subsidiary of the Abu Dhabi Investment Authority.
According to the agreement, Univar Solutions shareholders will receive $36.15 per share in cash, which represents a 20.6% premium to the Company’s undisturbed closing stock price on November 22, 2022. When the merger is complete shares of Univar Solutions common stock will no longer trade on the New York Stock Exchange and Univar Solutions will become a privately held company. Univar Solutions will continue to operate under the Univar Solutions name and brand.
The Chicago Times 