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Enviri Announces $3.04B Clean Earth Sale To Veolia And Spin-Off Of New Enviri Businesses

Benzinga·11/21/2025 07:48:21
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  • Significant Step in Realizing Enviri's Sum-of-the-Parts Value 
  • Enviri Shareholders Will Receive Significant Cash Consideration of $14.50 - $16.50 Per Share at Closing, Plus Stock in New Enviri; Compared to Enviri's Unaffected Stock Price of $8.63 on August 4, 2025
  • New Enviri Will Have ~2.0x Net Leverage at Closing and a Right-Sized Corporate Cost Structure
  • New Enviri is Well-Positioned to Realize Value Creation Potential in Both Harsco Environmental and Rail Segments
  • Russell Hochman to Become CEO of New Enviri