Republic Services and Allied Waste discuss merger
Republic Services, Inc. and Allied Waste Industries,
Inc. confirmed that the two companies have entered into discussions regarding
the possibility of a business combination, which has the potential to
be a $6.5 billion merger.
Allied Waste Industries, Inc. is the second largest trash hauler in the
United States and Republic Services, Inc. follows closely as the third
largest trash hauler.
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
In order to protect the interests of both companies’ employees, shareholders
and customers, the two companies will not comment further on these discussions
until there are material developments.