Deal Snapshot
Apergy Wins Shareholders Nod for ChampionX Merger
Friday 29 May 2020

Shareholders of US-based oilfield equipment maker Apergy Corp. (NYSE: APY) have approved the issuance of shares of Apergy common stock in connection with the pending combination of the ChampionX business with Apergy through a merger of Athena Merger Sub, Inc., a wholly owned subsidiary of Apergy, with ChampionX Holding Inc., a wholly owned subsidiary of Minnesota, US-based Ecolab Inc Ecolab Inc, the company said.

Last December, Minnesota, US-based Ecolab Inc., a water, hygiene and energy technologies and services company, agreed to separate the Upstream Energy business of Nalco Champion (renamed ChampionX) and combine it with Texas, US-based Apergy Corp. (NYSE: APY) to scale production-optimisation solutions, the company said.

Date Published: 29/05/2020