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Republic Services and Allied Waste Complete Merger to Form
Leading Environmental Services Company
Republic Services, Inc. and Allied Waste Industries, Inc. announced Friday, December 5, 2008, that they have completed their historic merger to create one of the nation’s leading waste and environmental services providers. The combined company, which will be based in Phoenix, will be named Republic Services, Inc. and will trade under the ticker symbol “RSG” on The New York Stock Exchange. As of the close of the markets on December 5, Allied Waste stock has been delisted and will no longer trade on NYSE.
The combined company will have more than 35,000 employees serving more than 13 million customers in 40 states and Puerto Rico. “Today marks an exciting new beginning for Republic Services and the entire environmental services industry,” said Jim O’Connor, Chairman and Chief Executive Officer of Republic Services. “We are looking forward to combining the best practices, complementary assets and experienced executives from two great companies to enhance our leadership position. This is an outstanding opportunity for us to better serve our customers, provide enhanced opportunities to our employees and create shareholder value.”
Don Slager, President and Chief Operating Officer of Republic Services and former President and Chief Operating Officer of Allied, added, “We have the strategy, people and resources in place to rapidly realize the value of the transaction for customers, shareholders and employees. Our integration teams have worked very hard to prepare for this day, and we have thorough plans in place to ensure our customers and employees experience a seamless transition.”
For detailed information about the merger, go to Investor Relations on this website or visit www.republicallied.com.
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