Republic Services is said in talks to purchase US Ecology

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• Republic Services Inc.(NYSE:RSG) is said in advanced discussions to buy rival US Ecology Inc. (NASDAQ:ECOL).
• A deal could be announced as soon as this week, according to a Bloomberg report. The report didn't include the price for a potential transaction. US Ecology has a market cap of about $850M and RSG's market cap is $40B.
• US Ecology provides environmental services to commercial and government entities. US Ecology shares gained 5% in regular trading. The company competes with larger rivals waste management companies including Republic (RSG), Waste Management (NYSE:WM), Waste Connections (NYSE:WCN) and GFL Environment (NYSE:GFL).
• Also see SA contributor Unlocking Alpha's piece entitled "US Ecology: An Interesting Pick In The Waste Management Industry."

Comments

[joezapp]

That high volume buying in the final hour of trading Tuesday...that's perfectly legal, right?

[Kann352]

Republic is the Michael Jordan of garbage stocks. no others compare

[Wuffy]

Please buy SMED!!! They need new ownership.

[Izet]

I guess RSG is branching out into hazardous waste disposal.