Date: November 16, 2006
Source: Allied Waste Industries, Inc.
Allied Waste Industries, Inc. Announces Secondary Offering
Allied Waste Industries, Inc. (NYSE: AW), a leading waste services company, today announced that Apollo Management, L.P. ("Apollo") is selling 33 million of the Company's common shares in a transaction underwritten by UBS Investment Bank. This sale of previously unregistered shares represents approximately 9 percent of the current shares outstanding. This sale was made pursuant to the Company's existing registration statement. The Company will not receive any proceeds from this sale. After giving effect to the sale of these shares, Apollo's interest in the Company will be reduced to 8.9 percent of the outstanding shares, from the current 17.9 percent.
Copies of the final prospectus supplement, when available, may be obtained from the offices of UBS Securities LLC, 299 Park Avenue, New York, NY 10171, Attn. Prospectus Dept, tel: 212-821-3884.
This news release shall not constitute an offer to sell or the solicitation of any offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
About Allied Waste Industries
Allied Waste Industries, Inc., a leading waste services company, provides collection, recycling and disposal services to residential, commercial and industrial customers in the United States. As of September 30, 2006, the Company operated a network of 299 collection companies, 161 transfer stations, 169 active landfills and 56 recycling facilities in 37 states and Puerto Rico.
For more information, contact: Michael Burnett, Senior Vice President, Treasurer of Allied Waste Industries, Inc., 480-627-2785 or visit: www.alliedwaste.com.