- Advanced Emissions Solutions (NASDAQ:ADES) agrees to acquire ADA Carbon Solutions, a low-cost provider in the mercury control activated carbon market positions emissions control platform, for $75M; trading is halted.
- ADES says ADA Carbon Solutions is projected to deliver $73M in adjusted pro-forma revenue for FY 2018, and expects the deal will be immediately accretive to earnings.
- In an update of its refined coal business, ADES forecasts future net cash flows of $225M-$250M through the end of 2021.