S&P Reaffirms Ratings on Waste Connections (WCN) Amid Move to Merge with Progressive Waste Solutions (BIN)
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Waste Connections Reports Preliminary Fourth Quarter Results Above Expectations
January 19, 2016 6:31 AM ESTTHE WOODLANDS, Texas, Jan. 19, 2016 /PRNewswire/ --Â Waste Connections, Inc. (NYSE: WCN), in conjunction with its announcement today of an agreement to combine with Progressive Waste Solutions Ltd., announced preliminary results for the fourth quarter of 2015.
The Company expects to report the following preliminary results for the fourth quarter:
-Â Â Â Â Â Â Total revenue of $531.9 million, with combined solid waste price and volume growth of 4.8%;
-Â Â Â Â Â Â Adjusted EBITDA* of $175.6 million, or 33.0% of revenue; and
-Â Â Â Â Â Â GAAP EPS of $0.42 and adjusted... More
Waste Connections And Progressive Waste Solutions Agree To Combine To Create Leading Solid Waste Services Company Focused On Differentiated Markets
January 19, 2016 6:30 AM ESTTHE WOODLANDS, Texas and TORONTO, Jan. 19, 2016 /PRNewswire/ -- Waste Connections, Inc. (NYSE: WCN) and Progressive Waste Solutions Ltd. (NYSE: BIN) (TSX: BIN) today announced that they have entered into a definitive agreement to merge in an all-stock transaction. Upon the completion of the transaction, Waste Connections stockholders will own approximately 70% of the combined company, and Progressive Waste shareholders will own approximately 30%. The transaction has been unanimously approved by both companies' Boards of Directors and is expected to... More
