What will Alcide shareholders receive?
Based on an exchange ratio of 0.6744, Ecolab will issue approximately 1,830,000 shares of Ecolab common stock plus additional cash-in-lieu of fractional shares to the former shareholders of Alcide, in exchange for 2,721,683 shares of Alcide common stock outstanding as of July 30, 2004. Checks representing cash-in-lieu of fractional shares (in an amount less than $31.14) will be mailed to Alcide’s shareholders of record after exchange of their Alcide stock certificate(s).
