Date: October 24, 2002
Source: News Room
Allied Waste Industries, Inc. (NYSE: AW) has completed the sale of some of its solid waste collection operations in Knoxville and Cleveland, Tennessee to Waste Connections, Inc. (NYSE: WCN) for approximately $50 million. Separately, Allied Waste reached agreement to sell certain collection operations in Palatine, Illinois to Groot Industries, Inc. for approximately $20 million. Additionally, Allied has acquired or intends to acquire four landfills and a transfer station for approximately $30 million in separate transactions expected to close by the end of the year.
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