Sept 17 (Reuters) - Univar Inc UNVR.N :
* UNIVAR TO ACQUIRE NEXEO, ACCELERATING TRANSFORMATION AND GROWTH
* UNIVAR INC - DEAL FOR $11.65 PER SHARE
* UNIVAR INC - CASH AND STOCK TRANSACTION VALUED AT APPROXIMATELY $2.0 BILLION
* UNIVAR INC - TRANSACTION EXPECTED TO BE ACCRETIVE TO UNIVAR ADJUSTED EPS BEGINNING IN FIRST FULL YEAR FOLLOWING CLOSING
* UNIVAR INC - UNIVAR HAS HIRED AN EXTERNAL ADVISOR TO EVALUATE STRATEGIC ALTERNATIVES FOR NEXEO'S PLASTICS BUSINESS
* UNIVAR - DEAL PROVIDES FOR EACH SHARE OF NEXEO STOCK ISSUED AND OUTSTANDING TO BE CONVERTED INTO 0.305 SHARES OF UNIVAR COMMON STOCK AND $3.29 IN CASH
* UNIVAR INC - COMBINATION EXPECTED TO DELIVER $100 MILLION, OR $0.43 PER SHARE AFTER-TAX, OF ANNUAL RUN-RATE COST SAVINGS BY THIRD YEAR FOLLOWING CLOSE
* UNIVAR INC - STRATEGIC ALTERNATIVES FOR NEXEO'S PLASTICS BUSINESS MAY INCLUDE A POTENTIAL DIVESTITURE OF BUSINESS
* UNIVAR INC - INTENDS TO FINANCE CASH PORTION OF TRANSACTION AND REFINANCE NEXEO'S EXISTING DEBT WITH AVAILABLE CASH AND BANK FINANCING
* UNIVAR INC - EXPECT TRANSACTION TO REDUCE ANNUAL CAPITAL EXPENDITURES BY $15 MILLION IMMEDIATELY
* UNIVAR - DEAL'S CASH CONSIDERATION SUBJECT TO POTENTIAL REDUCTION OF UP TO $0.41/SHARE, BASED ON CO'S STOCK TRADING PRICE PRIOR TO DEAL COMPLETION