Ecolab Inc. shares rise 1.02% intraday after acquiring Ovivo's Electronics division for $1.8 billion.

Ecolab Inc. rose 1.02% in intraday trading, with the company agreeing to acquire the Electronics division of Ovivo Inc. for $1.8 billion. The acquisition is expected to generate double-digit returns and be immediately accretive to Ecolab's sales growth. Additionally, Jefferies lifted its price target on Ecolab to $315 from $310, further boosting investor confidence.