Baird downgraded Heritage-Crystal Clean to Neutral from Outperform with a price target of $46, down from $54, after the company announced the expiration of the 35-day “go-shop” period pursuant to the terms of the previously announced definitive merger agreement pursuant to which an investment affiliate of J.F. Lehman & Company has agreed to acquire all outstanding shares of Crystal Clean common stock for $45.50 per share in cash.
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Read More on HCCI:
- Heritage-Crystal Clean: ‘Go-shop’ period expires in previously announced merger
- Heritage-Crystal Clean reports Q2 EPS 36c, consensus 54c
- Heritage-crystal Clean (HCCI) Q2 Earnings Cheat Sheet
- Heritage-Crystal downgraded to Market Perform from Outperform at Barrington
- Heritage-Crystal Clean downgraded to Hold from Buy at Truist
