Covanta (CVA) Agrees to Acquire Veolia (VE) Environmental Services North Amreica
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Covanta Holding Corporation (NYSE: CVA) today announced that it has signed a definitive agreement to acquire from Veolia (NYSE: VE) Environmental Services North America Corp., most of its North American EfW business.
The transaction is expected to be accretive to Covanta. The purchase price of $450 million, less net debt and minority interests (subject to certain other adjustments) will be paid in cash.
Click here to see the Energy-from-Waster operations to be acquired.
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