Deals
Clean Harbors to Buy Safety-Kleen for $1.25 Billion
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Clean Harbors Inc., a provider of hazardous-water disposal, agreed to acquire Safety-Kleen Inc. for $1.25 billion to expand in used-oil recycling and re-refining.
The cash transaction is expected to be completed by the end of the year, Norwell, Massachusetts-based Clean Harbors said today in a statement. The company said it has a financing commitment from Goldman Sachs Group Inc. and is considering several other options that may include a combination of existing cash, debt and equity.