Enviri Finalizes Clean Earth Sale Terms: $15/Share Cash Payout & Spin-Off Details Set for June 1

summarizeSummary

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.

check_boxKey Events

• $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.

• Spin-Off Ratio Set

  Enviri stockholders will receive one share of New Enviri common stock for every three shares of Enviri common stock.

• 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.

• 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.

auto_awesomeAnalysis

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.