Clean Harbors (CLH) announces the completion of its acquisition of Safety-Kleen. CLH purchased...

|By:, SA News Editor

Clean Harbors (CLH) announces the completion of its acquisition of Safety-Kleen. CLH purchased Safety-Kleen in an all-cash transaction valued at approximately $1.25B, financed through the combination of $289M of existing cash, $370M in secondary offering proceeds and $591M from its recently completed senior notes offering. Based on current operating and performance, the company expects the acquisition will be immediately accretive to earnings.