01—Abstract
Summary
Summary of the 8-K filed May 23, 2001. Cited figures are marked; the original filing is the authoritative source.
Ecolab Inc. (ECL) filed an 8-K on May 23, 2001, to provide an update on its previously announced agreement to acquire the remaining 50%a of the Henkel-Ecolab joint venture from Henkel KGaA.
The transaction, which is anticipated to close on January 2, 2002, is subject to regulatory approvals and other conditions. Investors should note that Ecolab is making unaudited pro forma financial information related to this transaction available on its website. This pro forma data includes condensed consolidated financial statements (income statements and balance sheets) that reflect the acquisition as if it had occurred on historical dates.
Ecolab intends to update this information as it releases its second and third fiscal quarter 10-Q filings for 2001. While this information is provided to give insight into the potential combined entity, it should not be considered indicative of actual future results, as it is based on estimates and assumptions.
02—Key points
Key Highlights
- Ecolab Inc. is updating investors on its agreement to acquire the remaining 50% of the Henkel-Ecolab joint venture.
- The transaction is expected to close on January 2, 2002, pending regulatory approvals and other customary conditions.
- Unaudited pro forma financial information related to the acquisition is being published on Ecolab's website (HTTP://WWW.ECOLAB.COM/PRESSKIT.HTM).
- This pro forma information includes condensed consolidated income statements and balance sheets, reflecting the combined entity.
- Ecolab plans to update the pro forma financial information following its second and third fiscal quarter 2001 10-Q filings.
- The unaudited pro forma data should be viewed with caution as it is based on estimates and assumptions and is not indicative of actual future results.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
The primary purpose of this 8-K filing is to inform investors about Ecolab's progress in acquiring the remaining 50% of the Henkel-Ecolab joint venture and to make unaudited pro forma financial information related to this transaction publicly available.
When is the Henkel-Ecolab joint venture acquisition expected to close?
The transaction is currently scheduled to close on January 2, 2002, subject to the satisfaction of regulatory approvals in various jurisdictions and other closing conditions.
Where can investors find the pro forma financial information?
The unaudited pro forma condensed consolidated financial information is available on Ecolab's website at HTTP://WWW.ECOLAB.COM/PRESSKIT.HTM. Ecolab also states it will update this information on its website as it files its second and third fiscal quarter 2001 10-Q reports.
Should investors rely solely on the provided pro forma information?
Investors should use the unaudited pro forma financial information with caution. It is based on estimates and assumptions and is presented to give an indication of the transaction's potential impact, not as a guarantee of future performance or actual results that would have occurred.
04—Continue