June 26, 2008: Republic Services Inc. agreed Monday to buy larger rival Allied Waste Industries Inc. for $6.1 billion to become North America's second-largest trash hauler as a weaker economy and rising fuel prices strain waste-removal companies.
Allied investors will receive 0.45 Republic shares for each share they hold, the companies said. The price is 3.5% higher than Phoenix-based Allied's Friday closing price.
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Teamsters, Amazon delivery drivers, and labor allies picketed today on the steps of New York City Hall to support the Delivery Protection Act. City Councilmember Tiffany Cabán announced the bill now has supermajority support in the City Council.
The IBT has launched the Teamster History Project, which includes 27 unedited interviews with Teamsters who made it happen. It covers the years 1975-1999. Those interviewed include several TDU leaders, participants in the Carey administration, James Hoffa, along with two Hoffa lieutenants who were expelled from the union for corruption and self-dealing.
