Enviri Issues Supplemental Disclosures on Clean Earth Transaction

Enviri ( (NVRI) ) has provided an announcement.

On November 20, 2025, Enviri agreed to sell its Clean Earth Business to France’s Veolia Environnement and pursue a spin-off of New Enviri, and it has since been preparing for a May 4, 2026 virtual special shareholders’ meeting to approve the related merger and separation transactions. Following the April 3, 2026 filing of its definitive proxy statement with the SEC, Enviri faced three stockholder lawsuits and several demand letters alleging disclosure deficiencies, prompting the company, while denying any wrongdoing, to issue supplemental proxy disclosures that clarify its sale process, board deliberations, advisor fees, management succession plans, and valuation assumptions without changing deal terms or the meeting timetable.

The new disclosures detail that more than 30 potential bidders were contacted, that whole-company offers were set aside due to due diligence timing and pricing risks, and that Veolia’s proposal was favored for its higher price and constructive regulatory engagement. Enviri also revealed the board’s prior cooperation agreement with Neuberger Berman, confirmed that it was not a factor in bidder selection, outlined CEO succession plans naming Mr. Hochman to lead New Enviri, and expanded financial analyses of Clean Earth’s projected EBITDA, free cash flow and comparable multiples, while the board continues to unanimously recommend shareholders vote in favor of the transactions.

The most recent analyst rating on (NVRI) stock is a Buy with a $25.00 price target. To see the full list of analyst forecasts on Enviri stock, see the NVRI Stock Forecast page.

Spark’s Take on NVRI Stock

According to Spark, TipRanks’ AI Analyst, NVRI is a Neutral.

The score is held down primarily by weak financial performance (declining revenue, ongoing net losses, and materially higher leverage) and only partially offset by positive operating cash flow. Technicals also suggest near-term weakness (low RSI and trading below short-term moving averages). Earnings call guidance is constructive on operational initiatives but remains cautious due to Rail losses, high interest burden, and modest/negative free cash flow expectations.

To see Spark’s full report on NVRI stock, click here.

More about Enviri

Enviri Corporation is a Delaware-based industrial services company with operations across the waste management and environmental services value chain, including its Clean Earth Business, which handles solid and hazardous waste treatment and disposal. The company is in the process of separating its Clean Earth unit and creating “New Enviri,” which will retain its remaining businesses, including Harsco Environmental and Harsco Rail, reflecting a strategic focus on its core environmental and rail operations.

Average Trading Volume: 1,374,059

Technical Sentiment Signal: Buy

Current Market Cap: $1.6B

For a thorough assessment of NVRI stock, go to TipRanks’ Stock Analysis page.