Enviri shareholders approved the Clean Earth sale, with cash conversion expected at $14.50-$16.50 per share by early June.
Enviri Corporation confirmed it expects to finalize the sale of its Clean Earth division around June 1, with cash conversion for shareholders remaining in the $14.50-$16.50 per share range. The company secured shareholder approval last week and received SEC clearance for the related Form 10 filing.
The spin-off of New Enviri is now fully approved, following regulatory and shareholder sign-offs. Management reiterated the cash conversion range, unchanged from prior guidance, as the transaction nears completion.
No immediate market reaction was disclosed during the earnings call.