Terminix Moves a Step Closer to Completing the Rentokil Merger, Announces Agreement to Divest U.K. and Norway Businesses
These businesses are being divested by Terminix as a condition to the closing of its pending merger with Rentokil Initial plc.
- These businesses are being divested by Terminix as a condition to the closing of its pending merger with Rentokil Initial plc.
- Terminix expects to record a loss on the sale of these assets in the period ending June 30, 2022.
- I want to thank the Norway and United Kingdom teams for their dedication and commitment to our Company and customers while at Terminix, said Terminix CEO Brett Ponton.
- Both businesses are well positioned in attractive pest control markets for continued growth and margin expansion under experienced new ownership.