Republic Services, Inc

Republic Services, Inc (NYSE|RSG) is a waste management company. Once the third largest waste management firm in the United States, on June 23, 2008 it purchased its larger competitor Allied Waste Industries for $6.1 billion USD. The merged company, pending government approval, will retain the "Republic" name, and become the second largest non-hazardous solid waste management company in the United States. [Stewart Bailey. Republic Agrees to Buy Allied Waste for $6.1 Billion. Bloomberg.com. June 23, 2008. http://www.bloomberg.com/apps/news?pid=20601087&sid=aSFcQM.YihGc&refer=home]

With its acquisition, Republic inherits Allied Waste's extensive market, including more than 10 million residential, commercial and industrial customers across 128 major markets in 37 states and Puerto Rico. [ [http://fleetowner.com/equipment/allied_partners_with_bridgestone_bandag_0304/ Allied partners with Bridgestone Firestone, Bandag] Mar 4, 2008 retrieved 14 May 2008] Together with its larger competitor Waste Management, Inc, it handles more than half of all garbage collection in the United States. [Aseltine, McRea, Modi, Shukla, and Sullivan. A Strategic Case Analysis: Waste Management Inc. Spring 2006. http://www.uhv.edu/bus/conference/samples/WM1stplace.pdf. 3.6.3. Summary of Competitive Analysis. "The three largest national companies, Waste Management, Allied Waste and Republic Services together handle more than half the solidwaste generated in the United States today." [and Allied and Republic have since merged] ]

As of June 2008, the merged Republic Services, Inc will relocate their corporate office from Fort Lauderdale, Florida to Phoenix, Arizona (Allied's current headquarters) in either late 2008 or early 2009 and will control the following combined operations, compared here with their larger competitor Waste Management, Inc: [REPUBLIC SERVICES/ALLIED WASTE FACT SHEET. http://www.republicallied.com/downloads/factsheet.pdf. Retrieved June 23, 2008.]

Some of Republic's facilities may be closed or consolidated during integration.

On July 14, 2008, competitors Waste Management, Inc announced a $34 per share offer to acquire Republic Services. [ [http://biz.yahoo.com/ap/080714/waste_management_republic_services.html?.v=3 Waste Management offers to buy Republic Services: Financial News - Yahoo! Finance ] ] On July 18, 2008, the Republic Services board of directors announced that it would not enter negotiations with Waste Management and "remains committed to the Allied Waste transaction." [ [http://phx.corporate-ir.net/phoenix.zhtml?c=82381&p=irol-newsArticle&ID=1176538&highlight= Republic Services, Inc. | Investor Relations | News Release ] ] On August 11, 2008, the bid was raised to $37 per share, this second offer was rejected on August 15, 2008. [ [http://biz.yahoo.com/ap/080815/republic_services_waste_management.html?.v=8 Republic again rejects Waste Management buyout bid - Yahoo! Finance] ]

References

External links

*http://www.republicservices.com