Apergy Shareholders Approve Merger with ChampionX
28 Maio 2020 - 6:00PM
Apergy Corporation (“Apergy”) (NYSE: APY) today announced its
shareholders voted at the Special Meeting of Shareholders to
approve the issuance of shares of Apergy common stock in connection
with the pending combination of the ChampionX business with Apergy
through a merger of Athena Merger Sub, Inc., a wholly owned
subsidiary of Apergy, with ChampionX Holding Inc., a wholly owned
subsidiary of Ecolab Inc. The merger is expected to be completed in
the second quarter of this year, subject to remaining closing
conditions.
“Today marks another important milestone as we move toward
closing the ChampionX transaction. We are pleased with the
outcome of today’s Special Meeting and thank our shareholders for
their continued support,” said Sivasankaran “Soma” Somasundaram,
President and Chief Executive Officer of Apergy. “The combined
company will be a global leader and critical partner to our
customers providing a full suite of production-optimization
solutions. The transaction is immediately deleveraging and will
result in a stronger, more diversified, and more resilient company
to navigate the current downturn. Our integration planning is on
track, and we look forward to bringing the companies together,
realizing the synergies, and delivering significant value for our
shareholders.”
Following the closing of the merger, Apergy plans to change the
name of the combined company to ChampionX Corporation and to change
its ticker symbol to CHX.
More than 99% of the shares voted at the Special Meeting were in
favor of the issuance of shares under the merger agreement. Apergy
will file the final vote results, as certified by the independent
Inspector of Election, on a Form 8-K with the U.S. Securities and
Exchange Commission.
About Apergy
Apergy is a leading provider of highly engineered equipment and
technologies that help companies drill for and produce oil and gas
safely and efficiently around the world. Apergy's products provide
efficient functioning throughout the lifecycle of a well - from
drilling to completion to production. Apergy’s Production &
Automation Technologies offerings consist of artificial lift
equipment and solutions, including rod pumping systems, electric
submersible pump systems, progressive cavity pumps and drive
systems and plunger lifts, as well as a full automation and digital
offering consisting of equipment and software for Industrial
Internet of Things (“IIoT”) solutions for downhole monitoring,
wellsite productivity enhancement, and asset integrity
management. Apergy’s Drilling Technologies offering provides
market leading polycrystalline diamond cutters and bearings that
result in cost effective and efficient drilling. To learn more
about Apergy, visit our website at http://www.apergy.com.
Important Information About the ChampionX Transaction
and Where to Find It
In connection with the proposed transaction, Apergy has filed a
definitive proxy statement on Schedule 14A and a registration
statement on Form S-4 containing a prospectus, declared effective
April 30, 2020, with the Securities and Exchange Commission (the
“SEC”), ChampionX Holding Inc. has filed a registration statement
on Form S-4 and Form S-1 containing a prospectus, declared
effective April 30, 2020 and Ecolab Inc. (“Ecolab”) has filed a
Schedule TO. INVESTORS AND SECURITYHOLDERS ARE ADVISED TO
READ THE REGISTRATION STATEMENTS/PROSPECTUSES, DEFINITIVE PROXY
STATEMENT AND SCHEDULE TO AS WELL AS ANY OTHER RELEVANT DOCUMENTS
WHEN THEY BECOME AVAILABLE, BECAUSE THEY CONTAIN OR WILL CONTAIN
IMPORTANT INFORMATION ABOUT APERGY, ECOLAB, CHAMPIONX AND THE
PROPOSED TRANSACTION. Investors and securityholders may obtain a
free copy of the registration statements/prospectuses, definitive
proxy statement and Schedule TO and other documents filed by
Apergy, Ecolab and ChampionX with the SEC at the SEC’s website at
http://www.sec.gov. The registration statements/prospectuses
and definitive proxy statement can also be obtained free of charge
from Ecolab upon written request to Ecolab Inc., Attn: Investor
Relations, 1 Ecolab Place, St. Paul, MN 55102, or by e-mailing
investor.info@ecolab.com, or upon written request to Apergy,
Investor Relations, 2445 Technology Forest Boulevard, The
Woodlands, Texas 77381, or by e-mailing
david.skipper@apergy.com.
No Offer or Solicitation
This communication is not intended to and shall not constitute
an offer to sell or the solicitation of an offer to sell or the
solicitation of an offer to buy any securities or a solicitation of
any vote of approval, nor shall there be any sale of securities in
any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. No offer of securities
shall be made except by means of a prospectus meeting the
requirements of Section 10 of the Securities Act of 1933, as
amended.
Investor Contact:David Skipper – david.skipper@apergy.com –
713-230-8031
Media Contact: John Breed – john.breed@apergy.com –
281-403-5751
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