8-KOther EventsExhibits & Filings

ECOLAB INC. 8-K Report, Corporate Update (Nov 13, 2007)

Filed November 13, 2007For Securities:ECL

Summary

Ecolab Inc. (ECL) filed an 8-K on November 12, 2007, to report the completion of its acquisition of Microtek Medical Holdings, Inc. (Microtek). The transaction, effective November 9, 2007, involved Ecolab's subsidiary, Magic Acquisition Inc., merging with and into Microtek. Microtek will continue as a wholly owned subsidiary of Ecolab following the merger. Under the terms of the Merger Agreement dated August 7, 2007, Ecolab acquired all outstanding shares of Microtek for a cash consideration of $6.30 per share. The acquisition was funded through the issuance of commercial paper under Ecolab's existing U.S. commercial paper program. This filing serves as formal notification to investors and the market of this significant corporate development.

Key Highlights

  • 1Ecolab Inc. successfully completed the acquisition of Microtek Medical Holdings, Inc. on November 9, 2007.
  • 2The acquisition was structured as a merger where Microtek becomes a wholly owned subsidiary of Ecolab.
  • 3Ecolab acquired all outstanding shares of Microtek for $6.30 per share in cash.
  • 4The transaction was funded through Ecolab's U.S. commercial paper program.
  • 5The Merger Agreement governing the acquisition was originally dated August 7, 2007.
  • 6A press release detailing the acquisition was issued and is attached as an exhibit to the filing.

Frequently Asked Questions

The main purpose of this 8-K filing was to formally announce and report the completion of Ecolab Inc.'s acquisition of Microtek Medical Holdings, Inc.

The acquisition was funded by Ecolab through the issuance and sale of commercial paper under its U.S. commercial paper program.

Ecolab acquired all outstanding shares of Microtek for $6.30 per share in cash.

While the 8-K itself doesn't elaborate on strategic benefits, the acquisition of Microtek Medical Holdings, Inc. likely indicates Ecolab's expansion or strengthening within a specific market segment, potentially related to medical or hygiene solutions, given Microtek's name.