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Enviri Corporation

private/Veolia Environnement S.A.private

Enviri to Sell Clean Earth Business to Veolia for $3.04B

$3.0BCashVote Scheduledhigh confidence

Key takeaways

  • Veolia Environnement S.A. acquires Enviri Corporation — $3.0B aggregate (cash).

Merger Arbeconomics, downside, days

Deal value

$3.0B

cash

Per-share offer

Premium

Days to close

Term fee

Spread Calculator

Manual price entry · saved per ticker

Offer
Gross spread
Spread %
Annualizedno close date
ConsiderationCash
AnnouncedApr 24, 2026
Days outstanding84d
Expected close
Termination fee
Reverse term fee
Go-shop period
Fiduciary out
Financing condition
Debt commitment
Insider lock-up

Timelineannounced → close
  1. Announced

    Apr 24, 2026

  2. Preliminary Proxy

  3. Definitive Proxy

  4. Record date

  5. Shareholder vote

    May 4, 2026

  6. Expected close


Vote Mechanicsrecord / mailing / vote
Vote required74d post-vote
Vote dateMay 4, 2026
Record date
Mailing date
Record → vote
Thresholdthe affirmative vote of holders of a majority of the outstanding shares of Enviri common stock entitled to vote on the proposal
Min approvalparsed50.01% of outstanding
Shares outstanding
Insider lock-up

Regulatory & ConditionsHSR / EU / CFIUS / MAC

No regulatory or closing-conditions data extracted yet. The merger agreement Exhibit 10.1 contains this in the “Conditions to Closing” and “Regulatory Approvals” articles.


Closing Conditionsapprovals · vote · financing · lockups
0 done · 1 pending · 1 total
  • Shareholder approval· the affirmative vote of holders of a majority of the outstanding shares of Enviri common stock entitled to vote on the proposal

Interloper Riskcompeting bids, activist filers

No competing-bidder, activist, or dissident-proxy signals in the database for this target.


Advisors

Acquirer side· Veolia Environnement S.A.

None on record

Target side· Enviri Corporation


Counterparty Historyprior deals in DB
FirmRoleSideDeals in DB
BofA Securities, Inc.FinancialTarget2View deals →

Comparablessimilar size band, definitive
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Apr 24, 2026Stellar Bancorp, Inc.(STEL)Prosperity Bancshares, Inc.$2.0Bmixed
Apr 24, 2026Stellar Bancorp, Inc.(STEL)Prosperity Bancshares, Inc.$2.0Bmixed
Apr 24, 2026Stellar Bancorp, Inc.(STEL)Prosperity Bancshares, Inc.$2.0Bmixed
May 1, 2026Resulticks Global Companies Pte LimitedDiginex Limited$1.5Bstock
May 1, 2026Resulticks Global Companies Pte LimitedDiginex Limited$1.5Bstock
Apr 24, 2026CoinShares International LimitedVine Hill Capital Investment Corp.$1.2Bstock
May 1, 2026Esperion Therapeutics, Inc.(ESPR)ARCHIMED$1.1Bmixed+58.0%
May 1, 2026Esperion Therapeutics, Inc.(ESPR)ARCHIMED$1.1Bmixed+58.0%

Sources

Enviri Corporation entered into definitive agreements with Veolia Environnement S.A. on November 20, 2025, to sell its Clean Earth business for $3.04 billion in aggregate cash consideration. The transaction involves a holding company merger, separation of Enviri's remaining business segments into New Enviri, and a merger of Veolia's subsidiary into the holding company, with shareholders to receive $14.50-$16.50 per share in cash. Enviri held a special shareholder meeting on May 4, 2026, to vote on the transaction proposal, which required approval by a majority of outstanding shares.

Item id: b712ff34-ca66-464b-bf66-f9d9aee994a4 · ingested Apr 24, 2026