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BUSINESS
June 25, 1996 | Times Staff and Wire Reports
USA Waste to Acquire Sanifill: USA Waste Services Inc., the country's third-biggest trash company, agreed to buy Sanifill Inc. for $1.64 billion, the companies announced, expanding the former's reach to more of the U.S. and into Canada and Mexico. The deal is likely to hasten a consolidation trend as increased costs for landfills and collections force companies to look at buying each other to become more efficient.
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BUSINESS
July 17, 1998 | Reuters
Federal and state authorities agreed to allow USA Waste Services Inc. to go forward with its proposed $13.5-billion acquisition of Waste Management Inc., provided it sells some assets. Under the settlement, USA Waste agreed to sell waste collection and disposal operations in 13 states, covering 21 metropolitan areas, the Justice Department said. "The divestiture ensures consumers will continue to have the benefits of competition," said Joel Klein, the department's antitrust chief.
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BUSINESS
June 12, 1998
* USA Waste Services Inc. said it plans to cut 1,500 of the 1,700 jobs at the headquarters of Waste Management Inc. when it completes the $21.52-billion acquisition of the waste-hauler. * * Debbie Reynolds Hotel & Casino Inc. said it is considering liquidation, after an investor withdrew its offer to buy 92.5% of the hotel company for $15.5 million.
BUSINESS
June 12, 1998
* USA Waste Services Inc. said it plans to cut 1,500 of the 1,700 jobs at the headquarters of Waste Management Inc. when it completes the $21.52-billion acquisition of the waste-hauler. * * Debbie Reynolds Hotel & Casino Inc. said it is considering liquidation, after an investor withdrew its offer to buy 92.5% of the hotel company for $15.5 million.
BUSINESS
April 15, 1997 | (Reuters)
The pace of consolidation among trash firms picked up with USA Waste Services Inc. saying it will buy United Waste Systems Inc. in a stock deal valued at $1.7 billion. But the stocks of both companies fell sharply on the belief that Houston-based USA Waste's offer is inadequate and that the firm might be growing too fast. Under the definitive agreement, USA Waste would offer 1.075 shares of its common stock for each United Waste share in a tax-free pooling of interests.
BUSINESS
July 17, 1998 | Reuters
Federal and state authorities agreed to allow USA Waste Services Inc. to go forward with its proposed $13.5-billion acquisition of Waste Management Inc., provided it sells some assets. Under the settlement, USA Waste agreed to sell waste collection and disposal operations in 13 states, covering 21 metropolitan areas, the Justice Department said. "The divestiture ensures consumers will continue to have the benefits of competition," said Joel Klein, the department's antitrust chief.
BUSINESS
November 29, 1994 | From Reuters
USA Waste Services, Inc. said Monday it is buying Pittsburgh-based Chambers Development Company, Inc. in a $725-million deal that will create the fourth-largest solid waste company in North America. The resulting company will have annual revenue of about $450 million, the companies said, with operations in 21 states. Those operations will include 25 municipal solid waste landfills with permitted capacity in excess of 340 million cubic yards, 37 collection companies and 13 transfer stations.
BUSINESS
March 12, 1998 | From Associated Press
Scrappy trash hauler USA Waste Services Inc. has pulled off a coup, saying Wednesday that it is acquiring Waste Management Inc., the nation's largest trash-hauling business, in a deal valued at more than $14.8 billion. The combination of two of the three largest American waste-hauling businesses would create the world's largest garbage company, controlling about 20% of the U.S. market.
CALIFORNIA | LOCAL
January 15, 1997 | DAVID ROSENZWEIG, TIMES STAFF WRITER
Western Waste Industries, the biggest municipal garbage contractor in Southern California, is the target of a federal political corruption probe, its parent company admitted Tuesday. In a disclosure to the Securities and Exchange Commission, USA Waste Services of Houston also revealed that FBI agents have served subpoenas for Western Waste documents dating back to 1990.
BUSINESS
December 20, 1995 | MARGARET RAMIREZ, TIMES STAFF WRITER
Western Waste Industries, a Torrance-based solid waste service company, announced Tuesday that it will be acquired by USA Waste Services for $525 million in a deal that would create the third-largest trash collection and disposal company in North America. The stock swap, which amounts to $27 a share for Western Waste stockholders, would allow Dallas-based USA Waste to expand into key California markets.
BUSINESS
March 12, 1998 | From Associated Press
Scrappy trash hauler USA Waste Services Inc. has pulled off a coup, saying Wednesday that it is acquiring Waste Management Inc., the nation's largest trash-hauling business, in a deal valued at more than $14.8 billion. The combination of two of the three largest American waste-hauling businesses would create the world's largest garbage company, controlling about 20% of the U.S. market.
BUSINESS
April 15, 1997 | (Reuters)
The pace of consolidation among trash firms picked up with USA Waste Services Inc. saying it will buy United Waste Systems Inc. in a stock deal valued at $1.7 billion. But the stocks of both companies fell sharply on the belief that Houston-based USA Waste's offer is inadequate and that the firm might be growing too fast. Under the definitive agreement, USA Waste would offer 1.075 shares of its common stock for each United Waste share in a tax-free pooling of interests.
CALIFORNIA | LOCAL
January 15, 1997 | DAVID ROSENZWEIG, TIMES STAFF WRITER
Western Waste Industries, the biggest municipal garbage contractor in Southern California, is the target of a federal political corruption probe, its parent company admitted Tuesday. In a disclosure to the Securities and Exchange Commission, USA Waste Services of Houston also revealed that FBI agents have served subpoenas for Western Waste documents dating back to 1990.
BUSINESS
June 25, 1996 | Times Staff and Wire Reports
USA Waste to Acquire Sanifill: USA Waste Services Inc., the country's third-biggest trash company, agreed to buy Sanifill Inc. for $1.64 billion, the companies announced, expanding the former's reach to more of the U.S. and into Canada and Mexico. The deal is likely to hasten a consolidation trend as increased costs for landfills and collections force companies to look at buying each other to become more efficient.
BUSINESS
December 20, 1995 | MARGARET RAMIREZ, TIMES STAFF WRITER
Western Waste Industries, a Torrance-based solid waste service company, announced Tuesday that it will be acquired by USA Waste Services for $525 million in a deal that would create the third-largest trash collection and disposal company in North America. The stock swap, which amounts to $27 a share for Western Waste stockholders, would allow Dallas-based USA Waste to expand into key California markets.
BUSINESS
November 29, 1994 | From Reuters
USA Waste Services, Inc. said Monday it is buying Pittsburgh-based Chambers Development Company, Inc. in a $725-million deal that will create the fourth-largest solid waste company in North America. The resulting company will have annual revenue of about $450 million, the companies said, with operations in 21 states. Those operations will include 25 municipal solid waste landfills with permitted capacity in excess of 340 million cubic yards, 37 collection companies and 13 transfer stations.
BUSINESS
September 29, 1998 | Bloomberg News
Republic Services Inc. plans to pay $500 million for landfills and other assets that top waste-disposal company Waste Management Inc. agreed to sell as part of its purchase by USA Waste Services Inc. The move is expected to add $160 million in annual revenue and boost earnings for Fort Lauderdale, Fla.-based Republic Services, the fourth-largest U.S. waste company. A government consent decree required Waste Management to sell some assets so it could be bought by USA Waste for $24.
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