Waste Management Counters Republic-Allied Deal

July 2008 | M&A News Alert

At the end of June, CFW covered the successful US$6.07bn bid by US firm Republic Services for rival Allied Waste in a move which would, among other things, have created a serious rival to market leader Waste Management. Now Waste Management has turned the tables by proposing a full acquisition of Republic Services for US$34.00 per share in cash, in an attempt to trash the merger of its two competitors. The US$6.19bn offer represents a 22% premium on the closing price of Republic stock on July 11.

If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to Corporate Financing Week please click on the trial link below.