Date: September 16, 2008
Source: News Room
Allied Waste Industries CFO Peter Hathaway told the group assembled at a Bank of America conference in San Francisco that the deal to merge with Republic Services is on track and that already seventeen teams of representatives of the two companies are working on the deal. He did not mention efforts by Waste Management to derail the deal by buying Republic. According to Hathaway, Allied officials have met with the U.S. Department of Justice to discuss potential divestitures, including routes and landfills in certain markets. He says the Allied-Republic deal is still expected to close in the fourth quarter.
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