secwatch.observer — SEC 8-K summary
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Issuer:     ENVIRI Corp (NVRI)
CIK:        0000045876
Form:       8-K
Filed at:   2025-11-21T23:59:59+00:00
Accession:  0001193125-25-290738
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 1.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enviri sells Clean Earth to Veolia for $3.04B, plans spin-off of Harsco businesses to shareholders
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- Cash consideration of $14.50-$16.50 per share plus 0.33 shares of New Enviri per Enviri share.
- Transaction includes taxable spin-off of Harsco Environmental and Rail into New Enviri; expected mid-2026 close.
- New Enviri will have ~2.0x net leverage, undrawn $1.35B debt repaid, and significant cash at close.
- Russell Hochman appointed President/COO of Enviri, will become CEO of New Enviri.
- Enviri shareholders retain full ownership of New Enviri; company expects right-sized corporate costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/45876/000119312525290738/0001193125-25-290738-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/45876/000119312525290738/d15543d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-290738

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