July 17, 2008
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Waste & Recycling Newsletter July 17, 2008 |
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| This Week´s Featured News Stories |
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Waste Management proposes aquisition of Republic Services for `US$6.19bn`
Waste Management, Inc. (NYSE:WMI) has announced that it has made a proposal to the Board of Directors of Republic Services, Inc. (NYSE:RSG) (“Republic”) to acquire all of Republic`s outstanding common stock for US$34.00 per share in cash. Waste Management’s proposal represents a premium of approximately 22% over the closing price of Republic stock on July 11, 2008, the last trading day prior to public disclosure of Waste Management’s proposal. David P. Steiner, Waste Management’s CEO, said, “Our US$34.00 per share all-cash proposal clearly offers a better and more certain value alternative ... |
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US energy department faulted for mishandling Hanford nuclear waste
The US Department of Energy doesn`t know enough about the condition and contents of millions of gallons of radioactive and hazardous wastes stored in tanks at its Hanford Site in Washington state to make good decisions about cleanup and costs, according to a new report by Congress`s investigative agency. The findings issued by the US General Accountability Office are the latest in a string of critiques finding fault with the way the Department of Energy is handling Hanford, which GAO natural resources and development director Gene Aloise called `one of the most contaminated places on Earth.` Situated ... |
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