DivestmentMay 20, 2026, 05:33 PM
Enviri Announces $15.00/Share Payout, Clean Earth Sale & Spin-off Dates
AI Summary
Enviri Corporation announced the expected completion of the sale of its Clean Earth segment and the spin-off of its Harsco Environmental and Harsco Rail segments into a new publicly traded company, "New Enviri," both scheduled for June 1, 2026. Enviri stockholders are set to receive $15.00 per share from the Clean Earth sale, after accounting for debt repayment and transaction costs. Additionally, stockholders will receive one share of New Enviri common stock for every three shares of Enviri common stock, with "When Issued" trading for New Enviri beginning May 27, 2026, and "Regular Way" trading on June 2, 2026.
Key Highlights
- Sale of Clean Earth and spin-off of Harsco Environmental and Rail expected to be completed on June 1, 2026.
- Enviri stockholders will receive $15.00 per share from the Clean Earth sale after debt repayment and transaction costs.
- Enviri stockholders will receive one share of New Enviri common stock for every three shares of Enviri common stock.
- New Enviri "When Issued" trading (NVRI WI) expected to begin on May 27, 2026.
- New Enviri "Regular Way" trading (NVRI) expected to begin on June 2, 2026.
- The distribution and Clean Earth sale closing are expected before market open on June 1, 2026.
Price Impact
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