Every Spin-Off
New Enviri
NVRICompletedProvides on-site slag handling, metal recovery and other mill services for steel producers (Harsco Environmental), and makes and services rail track maintenance equipment (Harsco Rail).
Taxable spin-off of the Harsco Environmental and Harsco Rail businesses as New Enviri, one share for every three Enviri shares, completed alongside Veolia's acquisition of Clean Earth for $15.00 cash per Enviri share; it trades on the NYSE under NVRI from 2 June 2026.
- Distribution date
- 1 Jun 2026
- Structure
- Spin-off
- Parent
- Enviri (NVRI)
- Spin-off ticker
- NVRI
- 2-year mark
- 1 Jun 2028
- Listing
- NYSE
- Market
- United States
- Sector
- Industrials
Section 355 clock. Two years from the distribution, an acquirer can generally step in without putting the tax-free status at risk.583 days left
1 Jun 202620%1 Jun 2028
Source documents
- Press releaseEnviri announces expected timing for Clean Earth sale and New Enviri spin-off (05/20/26)
- PresentationNot located
- Information statementNew Enviri (Enviri II Corp) Form 10-12B, EX-99.1 preliminary information statement
- Sourcemarketscreener.com, Veolia completes Clean Earth acquisition (1 Jun 2026)
Every Spin-Off research
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