Waste Services Industry Consolidation Attempts
Republic Services Inc. (NYSE: RSG), currently trading at $33.15 at Friday's closing bell, is in demand. As the waste industry moves to consolidate, three of the top players are jockeying for the dominating position. The current industry leader, Waste Management (NYSE: WMI) originally announced $ 34/ share bid for Republic Services on July 11th, and more recently raised that offer to $37/ share. Republic Services has rejected both bids saying that the company is worth substantially more than that as an independent entity. Waste Management made its initial offer as a response to the merger, announced June 23rd, between Republic Services and Allied Waste Industries (NYSE: AW). The merger would combine the 2nd and 3rd largest solid waste services companies in a bid to rival the current dominance of Waste Management.
Continue reading "Waste Services Industry Consolidation Attempts" »




