Date: January 1, 2004
Source: News Room
Allied Waste Industries Inc. (NYSE: AW) has completed the sale of its northern and central Florida operations to Capital Environmental Resource Inc. (Nasdaq: CERI) for $76 million; the company expects to sell its remaining Florida operations in the first quarter of 2004 for $44 million. Allied Waste also completed the sale of certain non-integrated operations in Virginia, Idaho and Wyoming to two separate private companies, for combined proceeds of $100 million. After the sale of the remaining Florida operations, Allied will have completed its plan to divest itself of $335 million of annual revenue and $65 million of annual operating income in order to pay down debt.
More information: www.alliedwaste.com.
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