Article: Allied Waste to Acquire Browning-Ferris for $45.00 in Cash Per Share.

Second and Third Largest Companies in

Solid Waste Services Industry to Combine

Significant Synergies Will Translate into Earnings Accretion for

Allied Waste Earnings Per Share: Expected $1.60 in 2000 and $2.10 in 2001

Investor Group Led by Apollo and Blackstone to Purchase

$1 Billion in Newly Issued Allied Waste Securities

SCOTTSDALE, Ariz. and HOUSTON, March 8 /PRNewswire/ -- Allied Waste Industries, Inc. (NYSE: AW) and Browning-Ferris Industries, Inc. (NYSE: BFI) today announced that they have entered into a definitive merger agreement under which Allied Waste will acquire Browning-Ferris for $45.00 in cash per ...

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