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Waste hauler Republic Services Inc. said Wednesday it has begun a private debt offering to raise as much as $680 million.
Fitch Ratings on Thursday affirmed ratings for Republic Services Inc. and its subsidiaries that reflect the trash-hauler's potential for generating cash flow and its financial flexibility, which is offset partially by debt from last year's purchase of Allied Waste Industries Inc.
James E. O'Connor, chief executive of Republic Services Inc., received a 2008 compensation package valued at $10.6 million last year, according to Associated Press calculations of data filed with regulators. That's up 53 percent from what he received in 2007, before the waste hauler bought rival Allied Waste Inc. to create the industry's second-largest company.
Waste Management Inc., the nation's largest garbage hauler, on Monday withdrew its $6.73 billion bid to acquire smaller rival Republic Services, saying the move wouldn't be prudent given current financial market turmoil.
Efforts by Waste Management Inc. to buy rival trash hauler Republic Services Inc. are getting more complicated.
Waste Management Inc., the nation's largest trash hauler, has boosted its unsolicited buyout offer for rival Republic Services Inc. by about 9 percent to $37 per share, or $6.73 billion.
Waste hauler Republic Services says it will penalize companies seeking to make large-scale shares purchases, an apparent attempt to block a takeover bid by industry giant Waste Management.
Disposal company Republic Services said Monday it will buy Allied Waste Industries in a $6.07 billion stock deal that would combine the second- and third-largest players in the industry.
Waste collection and disposal companies Republic Services Inc. and Allied Waste Industries Inc. said Friday the companies are discussing a possible buyout deal.
Chester's Community Grocery Co-op: Chester's Co-op Board President HonoredTina Johnson, chair of Chester's Grocery Coop, received Beth Israel's Friend of the Community award on Friday, May 16th, for her work with the Chester Community to found a grocery store. Chester hasn't had a grocery store in 15 years.
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