Shareholders for Both Terminix and Rentokil Initial Approve Merger

LONDON and MEMPHIS, Tenn. – Shareholders for both Terminix and Rentokil Initial voted to approve the previously announced agreement for Rentokil Initial to acquire Terminix.

Andy Ransom, CEO of Rentokil Initial, said in a press release, "Today, shareholders have given their overwhelming support for the transaction, in line with the unanimous recommendations of both Boards.  Detailed integration plans are already in place, and we can now focus on the execution of those plans and the associated value creation for all stakeholders.”

In a Terminix press release, Brett Ponton, CEO of Terminix, said, “We are pleased that our shareholders overwhelmingly supported the recommendation of our Board and affirmed our merger with Rentokil. I want to thank the dedicated Terminix teammates who delivered strong performance and excellent customer service while simultaneously planning for integration. We now turn our attention towards executing our robust integration plans and creating additional value for our stakeholders.”

Rentokil Initial also announced that Ponton has been appointed CEO of its North America region. In addition, John Myers, managing director, Rentokil North America, has been appointed CEO of the US Pest Control business, reporting to Ponton.

Ransom said, "I'm delighted that Brett and John have agreed to lead the North American region and our US pest control business respectively. Having their immense talents at the helm will be welcomed by all colleagues and customers. They are highly experienced executives with proven abilities to integrate businesses and drive profitable growth. Retaining their deep knowledge of the two organizations will ensure a smooth transition and an effective integration."