May. 28 at 2:22 PM
$NVRI does this look right to NVRI pros on ST?
From KEDM free sub, HKuppy on X, free sub
Note, the cash has been fixed to
$15.00 .
According to Gemini, buy 3,000 sh today @
$20.42, and then by 6/3/26 this turns into 1000 sh @
$15.75 plus
$45,000 cash.
"Kliff Notes of the Week
Spin Monitor: Enviri (NVRI) approved the sale of its Clean Earth business for ~
$3BN. Closing expected on June 1. This also paves the way for the Harsco Environment and Rail spins.
As a reminder, Enviri will use
$1.35BN of the proceeds to repay existing debt, while Enviri shareholders will receive
$14.50-16.50 in cash and 0.33 shares of the SpinCo per Enviri share.
New Enviri expects pro forma revenue of
$1.3BN and EBITDA of
$135M, with 2.0x net leverage at closing. Enviri is up a bit since our initial flag, but it still looks pretty cheap."
