Valhi, Inc. (NYSE:VHI) Files An 8-K Termination of a Material Definitive Agreement
Item 1.02 Termination of a Material Definitive Agreement.
As previously reported, on November 18, 2015, Andrews County
Holdings, Inc. (“ACH”), a subsidiary of the registrant, entered
into a Purchase Agreement (as previously amended and as
previously reported, the “Purchase Agreement”) with Rockwell
Holdco, Inc. (“Rockwell”), for the sale of Waste Control
Specialists LLC (“WCS”), a subsidiary of ACH, to Rockwell.
Rockwell is the parent company of EnergySolutions, Inc., and
Rockwell is owned by Energy Capital Partners, a private equity
firm focused on investing in North America’s energy
infrastructure. On June 21, 2017, the U.S. District Court for the
District of Delaware issued an order enjoining the sale of WCS to
Rockwell. to the provisions of Section 3 of the Fourth Amendment
to the Purchase Agreement, on June 22, 2017, ACH provided written
notice to Rockwell terminating the Purchase Agreement effective
June 22, 2017.
Item 7.01 |
Regulation FD Disclosure. |
On June 23, 2017, the registrant issued a press release
announcing the termination of the Purchase Agreement, a copy of
which is furnished as Exhibit 99.1 to this Current Report on Form
8-K. In accordance with General Instruction B.2 of Form 8-K, the
information set forth in this Item 7.01 and Exhibit 99.1 is
deemed to be furnished and shall not be deemed to be “filed”
for purposes of the Securities Exchange Act of 1934, as amended
(the “Exchange Act”).
Item 9.01 |
Financial Statements and Exhibits. |
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(d) |
Exhibits |
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Item No. |
Exhibit Index |
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99.1 |
Press release dated June 23, 2017 issued by the registrant. |
VALHI INC /DE/ ExhibitEX-99.1 2 ex991.htm PRESS RELEASE FOR IMMEDIATE RELEASE: Valhi,…To view the full exhibit click here About Valhi, Inc. (NYSE:VHI)
Valhi, Inc. is a holding company. The Company operates through four segments: Chemicals, Component Products, Waste Management, and Real Estate Management and Development. The Chemicals segment operates through Kronos Worldwide, Inc., which produces and markets titanium dioxide pigments. The Component Products segment operates through CompX International Inc., which manufactures security products used in the recreational transportation, postal, cabinetry, tool storage, healthcare and a range of other industries. The Waste Management segment operates through Waste Control Specialists LLC, which offers processing, treatment, storage and disposal of hazardous, toxic and other wastes. The Real Estate Management and Development segment operates through Basic Management, Inc. (BMI) and The LandWell Company (LandWell). BMI provides utility services to industrial and municipal customers. LandWell develops land holdings for commercial, industrial and residential purposes.