Enviri Finalizes Clean Earth Sale Terms: $15/Share Cash Payout & Spin-Off Details Set for June 1
NVRI has more than doubled off its 52-week low of $7.35.
Summary
Enviri announced the final terms for its Clean Earth business sale and the spin-off of its Harsco segments, including a $15.00 per share cash distribution to stockholders and a 1-for-3 share spin-off ratio, with both transactions closing on June 1, 2026.
Key Events · M&A and Partnerships · NVRI
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$15.00 Per Share Cash Payout Confirmed
Stockholders will receive $15.00 per share as merger consideration from the Clean Earth sale, representing a significant return of capital.
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Spin-Off Ratio Set
Enviri stockholders will receive one share of New Enviri common stock for every three shares of Enviri common stock.
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Transaction Completion Date
Both the Clean Earth sale and the spin-off of Harsco Environmental and Rail are expected to be completed on June 1, 2026.
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New Trading Details Announced
When Issued trading for New Enviri begins May 27, 2026, with Regular Way trading under the NVRI ticker starting June 2, 2026.
Analysis · NVRI · Trade & Services
This 8-K provides the definitive financial terms and timeline for Enviri's major corporate restructuring, which includes the sale of its Clean Earth business and the spin-off of its Harsco segments. Shareholders are set to receive a substantial $15.00 per share cash payout, representing a significant return of capital. This announcement comes as the stock trades near its 52-week high, indicating a strong market position for this strategic move. Additionally, the filing details the 1-for-3 share distribution ratio for the spin-off into 'New Enviri' and outlines critical trading information for both entities, with all transactions expected to close on June 1, 2026.
At the time of this filing, NVRI was trading at $19.41 on NYSE in the Trade & Services sector, with a market capitalization of approximately $1.6B. The 52-week trading range was $7.35 to $19.99. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.