AP: Republic Rejects Waste Management Bid

July 21, 2008: In a stinging letter Friday, garbage hauler Republic Services rejected an unsolicited $6.19 billion cash offer from larger rival Waste Management, saying the proposal "seriously undervalues" its company.

Republic, the nation's third-largest waste collector, instead wants to stick with its own deal announced last month to buy No. 2 Allied Waste Industries Inc. The all-stock agreement was worth about $6.07 billion at the time.

"Republic is not for sale," James O'Connor, the company's chairman and CEO, wrote to David Steiner, CEO of Houston-based Waste Management, in a letter dated July 18.

Read the full article from the Associated Press.

Get Advice Join TDU Donate

Recent News

During the Crisis of the Century, Hoffa Sides with Management

Since the beginning of the COVID-19 pandemic, Teamsters across the country have been thrust into an unexpected crisis of unforeseeable proportions. At UPS, no sooner did many of us find out that we were a part of the “essential workforce” than we were fighting on the shop floor to protect ourselves from the virus.  

All YRCW Teamsters in TeamCare Get Coverage Extended

A May 9 Memo from the IBT Freight Division reports that arrangements have been made so that both active YRCW employees and employees laid off after March 1 will have the full 8 weeks of “Layoff Coverage" going forward from May 10 to continue health care coverage, if they are in TeamCare (Central States H&W). This includes both employees who have been actively working and those who may have already used up some of the “layoff coverage.”...
View More News Posts