Date: November 11, 2003
Source: News Room
Allied Waste Industries Inc. (NYSE: AW) will sell its operations in northern and central Florida to Capital Environmental Resource Inc. (NasdaqSC: CERI) for approximately $120 million in an effort to raise money to repay its debt. The operations include collection, transfer and recycling operations, and two landfills. The operations represent about $90 million in annual revenues. In a related announcement, Allied expects to save more than $100 million in interest payments in 2004 through debt repayment and refinancing.
More information: www.alliedwaste.com.
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