ATLBob

Waste Services Industry: Trash to Treasure

This article seems light on accuracy, devoid of current performance analysis and it fails to properly present several ongoing events in the industry.

Allied Waste Allied isn't the small operation that you have characterized in this piece: it owns the second-largest (after Waste Management) domestic network of landfill operations in the US and their mangement team has agreed to the merger with Republic Services, the 3rd largest operator. Shortly after the AW/RSG merger announcement, WMI made a hostile takeover offer of RSG in order to sabotage the merger activities , since the combined company will become a much more powerful competitor to WMI.

Additionally, RSG has rejected Waste Management's $37 cash bid, citing its commitment to merging with AlliedWaste, which it believes offers better long-term value.

Finally, Bill Gates Cascade investment company has been buying large blocks of RSG stock and has come out against the hostile offer from WMI, which it has characterized as a tactic to stifle competition.