Vertical Research downgraded Univar (UNVR) to Hold from Buy after Apollo (APO) agreed to acquire the company for $36.15 per share in an all-cash transaction that values the company at an enterprise value of approximately $8.1B.
Published first on TheFly
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Read More on UNVR:
- Univar Rises on $8.1 Acquisition by Apollo
- Univar Solutions to be Acquired by Apollo Funds for $8.1 Billion
- Univar to be acquired by Apollo Global funds for $8.1B
- Apollo Global agrees to buy Univar for $8.1B including debt, WSJ reports
- Univar signs distribution agreement in the U.S. for Leprino Foods
