NVRI soars 34% after $3B Clean Earth sale and planned spinoff
Enviri shares jumped 34% premarket after agreeing to sell its Clean Earth business to Veolia for $3.04 billion. Following the sale, Enviri will spin off its Harsco Environmental and Rail units into a new public company, New Enviri. Shareholders are set to receive $14.50-$16.50 per share, and the firm plans to use $1.35 billion of proceeds to reduce debt.