Item 8.01 Other Events.
The Press Release inadvertently stated that the threshold of
shareholder votes required to approve the Merger is a majority of the outstanding shares of the Company. The correct threshold is
the affirmative vote of at least two-thirds of the Shares present and voting in person or by proxy at the shareholders’
meeting, which is further described in Item 1.01 of the Original 8-K, and the Merger Agreement, which is filed as Exhibit 2.1
hereto.
Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended, which include all statements that do not relate solely to historical
or current facts, such as statements regarding the Company’s expectations, intentions or strategies regarding the future, including
strategies or plans as they relate to the proposed transaction. In some cases, you can identify forward-looking statements by the following
words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,”
“plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,”
“aim,” “potential,” “continue,” “ongoing,” “goal,” “can,” “seek,”
“target” or the negative of these terms or other similar expressions, although not all forward-looking statements contain
these words. These forward-looking statements are based on management’s beliefs, as well as assumptions made by, and information
currently available to, the Company. Because such statements are based on expectations as to future financial and operating results and
are not statements of fact, actual results may differ materially from those projected and are subject to a number of known and unknown
risks and uncertainties, including: (i) uncertainties as to the timing of the proposed transaction; (ii) the risk that the Merger
may not be completed in a timely manner or at all, which may adversely affect the Company’s business and the price of the Shares;
(iii) the possibility that competing offers or acquisition proposals for the Company will be made; (iv) the failure to satisfy
any of the conditions to the consummation of the proposed transaction, including the adoption of the Merger Agreement by the Company’s
shareholders and the receipt of certain regulatory approvals; (v) the occurrence of any event, change or other circumstance or condition
that could give rise to the termination of the Merger Agreement, including in certain circumstances requiring the Company to pay a termination
fee; (vi) the effect of the announcement or pendency of the proposed transaction on the Company’s stock price, business relationships,
operating results and business generally; (vii) risks that the proposed transaction may disrupt the Company’s current business
plans and operations; (viii) the Company’s ability to retain and hire key personnel in light of the proposed transaction; (ix) risks
related to diverting management’s attention from the Company’s ongoing business operations; (x) unexpected costs, charges
or expenses resulting from the proposed transaction; (xi) the ability of the buyer to obtain the necessary financing arrangements
set forth in the commitment letters received in connection with the Merger; (xii) potential litigation relating to the Merger that
could be instituted against parties to the Merger Agreement or other transaction agreements or their respective directors, managers or
officers, including the effects of any outcomes of such litigation; (xiii) certain restrictions during the pendency of the Merger
that may impact the Company’s ability to pursue certain business opportunities or strategic transactions; (xiv) uncertain global
economic conditions which have had and could continue to have an adverse effect on our consolidated financial condition and results of
operations; (xv) the continuation of the COVID-19 pandemic may cause disruptions to the Company’s operations, customer demand,
and its suppliers’ ability to support the Company; (xvi) the risks associated with the global nature of the Company’s
operations; (xvii) fluctuations between non-U.S. currencies and the U.S. dollar; (xviii) political and economic instability
and risk of government actions affecting the Company’s business and its customers or suppliers; (xix) increases in the pricing
of raw materials, availability and allocation by suppliers as well as increases in energy-related costs; (xx) the Company’s
ability to develop new and innovative products and the acceptance of such products by the Company’s customers; (xxi) cyber
risks and the failure to maintain the integrity of the Company’s operational or security systems or infrastructure; (xxii) the
introduction of the Organization for Economic Cooperation and Development’s Base Erosion and Profit Shifting; (xxiii) the consolidation
of the Company’s customers; (xxiv) competition in the markets for the Company’s products and services and in the geographic
areas in which it operates; (xxv) instability and uncertainty in the credit and financial markets and the availability of credit
that the Company and its customers need to operate the Company’s business; (xxvi) new and stricter regulations applicable to
our business; (xxvii) continued availability of capital and financing and rating agency actions; and (xxviii) other risks described
in the Company’s filings with the Securities and Exchange Commission (the “SEC”), including its Annual Report
on Form 10-K for the fiscal year ended December 31, 2021, as may be updated or supplemented by any subsequent Quarterly Reports
on Form 10-Q or other filings with the SEC. All such factors are difficult to predict and are beyond the Company’s control.
While the list of risks and uncertainties presented here is, and the discussion of risks and uncertainties to be presented in the proxy
statement will be, considered representative, no such list or discussion should be considered a complete statement of all potential risks
and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Consequences
of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things,
business disruption, operational problems, financial loss, and legal liability to third parties and similar risks, any of which could
have a material adverse effect on the completion of the Merger and/or the Company’s consolidated financial condition, results of
operations, credit rating or liquidity. In light of the significant uncertainties in these forward-looking statements, the Company cannot
assure you that the forward-looking statements in this Current Report on Form 8-K will prove to be accurate, and you should not regard
these statements as a representation or warranty by the Company, its directors, officers or employees or any other person that the Company
will achieve its objectives and plans in any specified time frame, or at all.
The forward-looking statements speak only as of the date they are made.
The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or
otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on these forward-looking statements.
Additional Information and Where to Find It
In connection with the proposed transaction, the Company intends to
file with the SEC and furnish to shareholders a proxy statement on Schedule 14A. The Company, certain of its affiliates and certain affiliates
of Bain Capital, LP intend to jointly file a transaction statement on Schedule 13E-3 (the “Schedule 13E-3”) with the
SEC. Promptly after filing its definitive proxy statement with the SEC, the Company will mail the definitive proxy statement, the Schedule
13E-3 and a proxy card to each shareholder of the Company entitled to vote at the meeting relating to the proposed transaction. This
Current Report on Form 8-K is not a substitute for the proxy statement or any other document that the Company may file with the
SEC or send to its shareholders in connection with the proposed transaction. INVESTORS AND SHAREHOLDERS OF THE COMPANY ARE URGED TO READ
THE PROXY STATEMENT, THE SCHEDULE 13E-3 AND OTHER RELEVANT MATERIALS WHEN THEY BECOME AVAILABLE BEFORE MAKING ANY VOTING OR INVESTMENT
DECISION WITH RESPECT TO THE PROPOSED TRANSACTION BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY AND THE PROPOSED TRANSACTION,
THE RISKS RELATED THERETO AND RELATED MATTERS. The materials to be filed by the Company will be made available to the Company’s
investors and shareholders at no expense to them and copies may be obtained free of charge on the Company’s website at www.diversey.com.
In addition, all of those materials will be available at no charge on the SEC’s website at www.sec.gov.
Participants in the Solicitation
The Company and its directors, executive officers, other members of
its management and employees may be deemed to be participants in the solicitation of proxies of the Company’s shareholders in connection
with the proposed transaction under SEC rules. Investors and shareholders may obtain more detailed information regarding the names, affiliations
and interests of the Company’s executive officers and directors in the solicitation by reading the Company’s proxy statement
for its 2022 annual meeting of shareholders, the Annual Report on Form 10-K for the fiscal year ended December 31, 2021, and
the proxy statement and other relevant materials that will be filed with the SEC in connection with the proposed transaction when they
become available. Information concerning the interests of the Company’s participants in the solicitation, which may, in some cases,
be different than those of the Company’s shareholders generally, will be set forth in the proxy statement relating to the proposed
transaction when it becomes available.