Heritage-Crystal Clean announces expiration of HSR Act waiting period for merger

Heritage-Crystal Clean announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, with respect to the previously announced agreement for Crystal Clean to be acquired by an investment affiliate of J.F. Lehman & Company for $45.50 per share in cash, or approximately $1.2B. The expiration of the HSR waiting period occurred at 11:59 p.m. on September 1 which was a condition to the closing of the pending transaction. The transaction is expected to close in the fourth quarter of 2023, subject to the satisfaction of the remaining customary closing conditions, including approval by Crystal Clean stockholders.