Republic Services
Republic Services, Inc is a waste management company. Once the third largest waste management firm in the United States, on June 23, 2008 it announced its intention to purchase its larger competitor Allied Waste Industries for US$6.1 billion in Republic Services stock. The merged company will retain the Republic name and become the second largest (after Waste Management, Inc) non-hazardous solid waste management company in the United States.
With its acquisition, Republic inherited Allied Waste's extensive market, including more than 10 million residential, commercial and industrial customers across 128 major markets in 40 states and Puerto Rico. Together with Waste Management, Inc, it handles more than half of all garbage collection in the United States.
On December 5, 2008, the merged Republic Services, Inc. relocated its corporate office from Fort Lauderdale, Florida to Phoenix, Arizona (Allied's current headquarters) and controls the following combined operations, compared here with their larger competitor Waste Management, Inc:
| Republic | Waste Management | |
|---|---|---|
| Employees | 36000 | 50000 |
| Landfills | 219 | 283 |
| Transfer stations | 242 | 370 |
| Collection operations | 427 | 413 |
| Recycling plants | 86 | 131 |
Some of Republic's facilities may be closed or consolidated during the integration.
On July 14, 2008, competitors Waste Management, Inc announced a $34 per share offer to acquire Republic Services. On July 18, 2008, the Republic Services board of directors announced that it would not enter negotiations with Waste Management and "remains committed to the Allied Waste transaction." On August 11, 2008, the bid was raised to $37 per share; this second offer was rejected on August 15, 2008.
Read more about Republic Services: Operations, Environmental Track Record
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