Government seeks information about WM bid for Republic Aug. 27 -- The federal government wants more information regarding Waste Management Inc.´s efforts to buy shares of Republic Services Inc.
The Antitrust Division of the U.S. Department of Justice has sent a second request for details about Waste Management´s proposal to buy stock in Republic.
Republic Services has previously rejected two offers from Waste Management to buy the company. Instead, the Fort Lauderdale, Fla.-based waste management company is continuing with plans to merge with Allied Waste Industries Inc.
"The Company intents to respond promptly to the second request and will continue to cooperate with the DOJ as it conducts its review," Waste Management said.
(Source: Waste News)
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