The old Enviri is gone — the remaining public stub (New Enviri, ticker NVRI) holds Harsco Environmental and Rail. Monitor the stub's first trading days for price discovery and any guidance from management on the standalone business. The $15 cash component provides a floor for the total value received.
Price Chart
Executive Summary
Enviri Corp has completed the sale of its Clean Earth business to Veolia for $3.04 billion, repaid $475M in senior notes, and distributed shares of the remaining Harsco Environmental and Rail businesses (New Enviri) to former stockholders. The old Enviri common stock was delisted from the NYSE and deregistered; New Enviri common stock (ticker NVRI) began trading on June 2, 2026. Former Enviri stockholders received $15.00 per share in cash for the Clean Earth portion plus one share of New Enviri for every three shares held.
Key Facts
- Veolia paid $3.04 billion aggregate cash consideration for the Clean Earth business.
- Former Enviri stockholders received $15.00 per share in cash (Merger Consideration) plus one share of New Enviri common stock for every three shares of CLEH common stock held.
- All $475 million of 5.75% Senior Notes due 2027 were redeemed and the indenture satisfied.
- The AR Facility (receivables purchase agreement) was terminated and repaid.
- Old Enviri common stock was delisted from NYSE and deregistered under Section 12(b); a Form 15 will be filed to suspend reporting obligations.
- New Enviri (ticker NVRI) began regular-way trading on NYSE on June 2, 2026.
- The transactions were pre-approved by stockholders in a special meeting on May 4, 2026.
Financial Impact
Stockholders received $15.00/share cash plus a 1-for-3 stub share in New Enviri. Total enterprise value of $3.04B for Clean Earth; $475M debt retired.
Risk Factors
- New Enviri is a smaller, less diversified company (only Harsco Environmental and Rail) with potential execution risk as a standalone entity.
- The stub's trading liquidity may be thin initially as the market digests the new structure.
- No pro forma financials were filed in this 8-K; the stub's financial profile is only available from the earlier proxy/Form 10.
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-251741 |
| Document: 0001193125-26-251741-index-headers.html | 0001193125-26-251741 |
| Document: 0001193125-26-251741-index.html | 0001193125-26-251741 |
| Document: 0001193125-26-251741.txt | 0001193125-26-251741 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 19, 2026 6w ago | Insider Cluster | $20.52 $20.55 | ▲ +0.15% | ▲ +2.10% | $20.21 (−1.51%) |
Aug 11, 2026 7w ago | 8-K | $20.14 $22.55 | ▲ +11.97% | ▲ +13.03% | $20.21 (+0.35%) |
Aug 4, 2026 8w ago | 144 | $23.86 $22.01 | ▲ +7.75% | ▲ +6.52% | $20.21 (+15.30%) |
Jul 29, 2026 9w ago | 144 | $22.19 $23.08 | ▲ +4.01% | ▼ −1.01% | $20.21 (−8.92%) |
Jul 21, 2026 10w ago | 144 | $21.87 $19.66 | ▼ −10.11% | ▼ −12.67% | $20.21 (−7.59%) |
Jun 12, 2026 16w ago | 15-12G | $21.35 $23.28 | ▲ +9.04% | ▲ +7.26% | $20.21 (−5.34%) |
Jun 8, 2026 16w ago | Insider Cluster | $21.13 $22.53 | ▲ +6.63% | ▲ +5.18% | $20.21 (−4.35%) |
Jun 5, 2026 17w ago | EFFECT | $19.30 $23.10 | ▲ +19.69% | ▲ +17.83% | $20.21 (+4.72%) |
Jun 4, 2026 17w ago | Insider Cluster | $19.70 $22.59 | ▲ +14.67% | ▲ +16.04% | $20.21 (+2.59%) |
Jun 1, 2026 17w ago | 8-K | $19.20 $23.22 | ▲ +20.94% | ▲ +22.50% | $20.21 (+5.26%) |
US Market Status
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