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Article: Waste Management Responds to Republic Services.
- Article from:
- Business Wire
- Article date:
- August 15, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HOUSTON -- Waste Management, Inc. (NYSE: WMI) today issued the following statement in response to the announcement by Republic Services, Inc. (NYSE: RSG) ("Republic") yesterday evening regarding Waste Management's revised proposal to acquire Republic for $37.00 per share in cash.
"We continue to believe that our revised proposal would provide superior value to Republic stockholders and, with Republic's cooperation, would be executable on a timely basis. We are disappointed with the action taken by Republic's Board of Directors and we will evaluate our options."
On August 11, 2008, Waste Management announced that it had made a revised proposal to the ...