Waste Management/Eastern Environmental Merger

RecycleWorlds (anderson@msn.fullfeed.com)
Fri, 20 Nov 1998 11:52:06 -0600

The 11/19/98 Wall Street Journal ("US, 3 States Seek to Block Waste
Merger") reports:

"The Justice Department, joined by officials from three states, asked a
federal court to block Waste Management from proceeding with its plan to
acquire rival Eastern Environmental Services...

"The Houston bvased waste-hbandling concern's planned purchase of the
Mount Laure, N.J. company would reduce the competition for a
multi-billion-dollar contract to dispoe of Ne York City's residential solid
waste, the Justice Deprtment contended.


"'We remain confident in our position on the disputed markets,' said
John E. Drury, Waste Management's chief executive officer, 'and ultimately
expect the merger to be consumated.'"


"Eastern suggested that the government's opposition isn't necessarily a
deal breaker. 'We feel comfortable we can sort throught the issues' with
the regulators, a company spokesman said."
Peter Anderson
RecycleWorlds Consulting
4513 Vernon Blvd. Ste. 15
Madison, WI 53705-4964
Phone:(608) 231-1100/Fax: (608) 233-0011