[GRRN] BFI/Allied

RecycleWorlds (anderson@msn.fullfeed.com)
Mon, 8 Mar 1999 15:42:54 -0600

Here's the latest -- with deference to Roger -- from the wires on the new

Peter Anderson

Allied to acquire BFI
SCOTTSDALE, ARIZ. (March 8) -- Third-ranked Allied Waste
Inc. is buying Browning-Ferris Industries Inc., the country´s
trash hauler, for $45 per share. The long-rumored deal is
valued at $9.1 billion.
Both sides expect to close the sale during the third quarter
of the year. The
combined company, which intends to move forward using the
Allied name, will
have about $6.6 billion in annual revenues. Allied anticipates
wringing out $290
million in cost savings and synergies in the first year after
the sale is completed.
The company also expects to reap another $900 million or more
from the sale
of what it terms nonstrategic businesses and from the
completion of required
Peter Anderson
RecycleWorlds Consulting
4513 Vernon Blvd. Ste. 15
Madison, WI 53705-4964
Phone:(608) 231-1100/Fax: (608) 233-0011