You are here: Home » News » Week of Jun. 18-24, 2008 » Story: 1

Upcoming Events

See More Detail . . .  

Latest News & Events

Headlines

Events

Get the Latest
News Delivered!

Allied Waste and Republic Weigh Possible $6.77 Billion Merger

Date: June 13, 2008

Source: News Room

Republic Services and Allied Waste Confirm Merger Discussions June 13, 2008 Republic Services, Inc. (NYSE: RSG) and Allied Waste Industries, Inc. (NYSE: AW) today confirmed that the two companies are in discussions regarding a possible business combination. The companies are contemplating a transaction in which Allied Waste shareholders would receive 0.45 shares of Republic Services common stock for each share of Allied Waste common stock. There can be no assurances that any transaction will occur at these terms or at any terms as a result of these discussions. In order to protect the interests of their employees, shareholders and customers, the two companies will not comment further on these discussions until and unless there are material developments. About Republic Services, Inc. Republic Services, Inc. is a leading provider of environmental services including solid waste collection, transfer and disposal services in the United States. The Company's operating units are focused on providing solid waste services for commercial, industrial, municipal and residential customers. About Allied Waste Industries, Inc. Allied Waste is America's second largest non-hazardous solid waste services company and an environmental leader. Headquartered in Phoenix, AZ, Allied Waste provides waste collection, transfer, recycling and disposal services to millions of residential, commercial and industrial customers in over 100 major markets spanning 37 states and Puerto Rico. Allied's team of 22,000 dedicated employees operates within a highly efficient, integrated organization that generated 2007 revenue of $6.1 billion. This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 regarding whether, and any terms on which, a transaction may be entered into between Allied Waste Industries and Republic Services. These forward-looking statements are subject to risks and uncertainties which could cause actual results, events or conditions to differ materially from those expressed or implied by the forward-looking statements. There can be no assurance that the forward-looking statements will prove to be correct. SOURCE: Republic Services, Inc. & Allied Waste Industries, Inc. Republic Services: Media: Will Flower, 954-769-6392 Or Investors: Tod Holmes, 954-769-2387 Ed Lang, 954-769-3591 Or Allied Waste Media and Investors: James P. Zeumer, 480-627-2785 Or Contact for Both Companies: The Abernathy MacGregor Group Chuck Burgess, 212-371-5999

Just Released!

Click for details

Focus on Your Market...

Click for details

Updated for 2011!

Click for details