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Ecolab Inc. (“Ecolab”) announced today both the successful completion of its split-off exchange offer for Ecolab common stock in connection with the previously announced separation of its Upstream Energy business (the “ChampionX Business”) and the closing of the merger of ChampionX Holding Inc. (“ChampionX”), the Ecolab subsidiary holding the ChampionX Business, with a subsidiary of Apergy Corporation (“Apergy”).
Consummation of the Exchange Offer
Pursuant to the exchange offer, which expired today at 12:01 a.m., New York City time, Ecolab has accepted 4,955,552 shares of Ecolab common stock in exchange for 122,237,115 shares of ChampionX common stock. Because more than 4,955,552 shares of Ecolab common stock were tendered, all shares of ChampionX common stock owned by Ecolab are being distributed in the exchange offer.
