Ecolab and Nalco to MergeEcolab to pay approximately $5.4 billion, valuing Nalco stock at $38.80 per shareEcolab also expects second quarter adjusted EPS to be $0.64;Full year adjusted EPS forecast raised to $2.2 to $2.6 !excludin"transaction#Merger Highlights: Creates Market Leader Serving Mega Trendso ommon !ocus" sa!e, e!!icient, sustainableo #ositione$ to capitali%e on mega tren$s" &ro'th in !oo$ $eman$ an$ !oo$ sa!ety challenges, energy $eman$s, 'ater scarcity, aging population(s nee$s !or healthcare, shi!ting economic tren$s Combination Poised To Capitalize on Trends, riving Even !aster "ro#tho )ni*ue ircle the ustomer, innovation an$ process synergieso +ncrease$ scale an$ participation in emerging marketso ,trong combine$ management team an$ !inancial resources Strong $%siness Model, Technolog& and C%lt%re !ito ,hare$ gro'th culture an$ customer service min$seto -oth operate uni*ue an$ similar service.technology mo$elso /ighly compatible an$ leveragable technology kno' ho' Compelling shareholder val%e creation: accretive transactiono 0ttractive revenue synergy opportunitieso 0pproximately $150 million o! cost synergies i$enti!ie$o 2ransaction is expecte$ to be accretive to E#, in 3013 an$ subse*uent years, bolstering $ouble4$igit gro'th Conservative !inancial Position Maintainedo Expect to retain strong investment gra$e rating, re!lecting the strong Ecolab balance sheet, signi!icant cash !lo' generation an$ $eleveraging post4combination,2. #0)5, 6inn.447-),+NE,, 8+9E:44 Ecolab +nc. an$ Nalco /ol$ing ompany announce$ the boar$ o! $irectors o! both companies have unanimouslyapprove$ a $e!initive agreement un$er 'hich Nalco 'ill merge 'ith a subsi$iary o! Ecolab in a transaction value$ at approximately $8 billion, inclu$ing assume$ Nalco net $ebt.-ase$ in Naperville, +llinois, 'ith operations in more than 150 countries, Nalco is the 'orl$(s lea$ing 'ater treatment an$ process improvement company, o!!ering'ater management sustainability services !ocuse$ on in$ustrial, energy an$ institutional market segments. Nalco $elivers signi!icant environmental, social an$ economic per!ormance bene!its to customers through value4a$$e$ services in 'ater treatment an$ management, pollution re$uction programs, energy conservation, an$ oil an$ gas extraction e!!iciency an$ sustainability o!!erings. Nalco sales 'ere $4 billion in 3010.)n$er the terms o! the transaction, Nalco sharehol$ers 'ill have the option to receive either 0.;005 shares o! Ecolab common stock or$38.80 per Nalco share in cash, 'ithout interest, sub