Univar Solutions completes transaction with Apollo Funds

Univar Solutions (UNVR) and Apollo (APO) announced that Apollo Funds have completed the previously announced acquisition of the company, which includes a minority investment from a wholly owned subsidiary of the Abu Dhabi Investment Authority. The company will continue to operate under the Univar Solutions name and brand and maintain its global presence. Pursuant to the terms of the transaction, an affiliate of the Apollo Funds acquired all of the outstanding shares of Univar Solutions stock. Shareholders are entitled to receive $36.15 in cash for each share of Univar Solutions common stock owned. As a result of the transaction completion, Univar Solutions’ common stock no longer trades on the New York Stock Exchange.