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US: Univar’s $2B buyout of Nexeo gets antitrust clearance

By  |  November 19, 2018

Univar has announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, in connection with its earlier announced acquisition of global chemicals and plastics distributor, Nexeo Solutions.

The expiration of the waiting period is one of the conditions necessary for completion of this transaction. The deal, which now remains subject to other customary closing conditions including approval by other national regulatory authorities and shareholder clearance, is expected to close in first-quarter 2019. Key stockholders of Nexeo, First Pacific and TPG, have agreed to provide consent for the proposed deal.

Univar, in September 2018, agreed to buy Nexeo in a cash and stock deal valued at roughly $2 billion.

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