Deals
Waste Management: Trashing a Merger?
The top waste hauler tries to block a Republic Services-Allied Waste deal with its own $6.2 billion bid for Republic. Will regulators balk?
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In trash hauling, Waste Management (WMI) sits atop the heap undisputed, dwarfing its rivals. So when its two nearest competitors made plans to join forces, Waste Management took swift action to break them up.
On July 14, Waste Management announced a $6.2 billion offer to buy Republic Services (RSG), No.3 in the industry. The move threatens Republic's agreement to buy Allied Waste (AW) for $6 billion, announced last month.