What's your position on ?
Why are you ish?
You voted ish on Vote again
Posts appear on the My Feed page of subscribers to this ticker
Tue, Jan. 5, 9:56 AM
- Progressive Waste Solutions (BIN +6.5%) opens higher after saying it has begun a review of strategic alternatives, confirming an earlier report that it may be considering a sale.
- Logical buyers could include Waste Connections (WCN -0.2%) and Republic Services (RSG +0.2%), both of which can afford a 25% buyout premium and still have a deal be accretive to their earnings even before factoring in any cost savings, but they may be reluctant to take on more debt, and RSG has said that while it is focused on growing via acquisition, those will probably total just ~$100M/year.
- Waste Management (WM -0.1%) arguably is even more likely to pass on BIN, Bloomberg's Gillian Tan writes, as its stock has lagged most competitors except BIN, it is focused on smaller acquisitions, and antitrust hurdles provide an obstacle as the industry's biggest player.
Waste Management Inc is the provider of comprehensive waste management environmental services. The Company serves to manage & reduce waste at each stage from collection to disposal, while recovering valuable resources & creating clean, renewable energy.
Other News & PR