Republic Services (RSG) and Allied Waste (AW) Expect Merger to be Finalized on December 5, 2008
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Republic Services, Inc. (NYSE: RSG) and Allied Waste Industries, Inc. (NYSE: AW) announced that they reached an agreement yesterday with the U.S. Department of Justice to allow completion of their pending merger and that, this afternoon, this agreement was endorsed by the U.S. District Court in Washington, D.C. The parties expect to finalize their merger on Friday, December 5, subject to completion of certain administrative formalities.
Following the completion of the merger, Allied will be a wholly owned subsidiary of Republic with Allied stockholders receiving approximately 51.7% of the outstanding common stock of the combined company in respect of their Allied shares and Republic stockholders retaining approximately 48.3% of the outstanding common stock of the combined company, in each case, on a diluted basis.
Republic Services, Inc. is a provider of services in the domestic non-hazardous solid waste industry.[SM]
Following the completion of the merger, Allied will be a wholly owned subsidiary of Republic with Allied stockholders receiving approximately 51.7% of the outstanding common stock of the combined company in respect of their Allied shares and Republic stockholders retaining approximately 48.3% of the outstanding common stock of the combined company, in each case, on a diluted basis.
Republic Services, Inc. is a provider of services in the domestic non-hazardous solid waste industry.[SM]
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