Waste Management M&A » By The Online Investor Staff, updated Fri., Apr. 19, 1:54 AM
Recent mergers and acquisitions in the Waste Management M&A category.
Slide #19. Clean Harbors, Inc. — Safety-Kleen
Acquirer: |
Clean Harbors, Inc. (NYSE:CLH) |
Acquiree: |
Safety-Kleen |
Details: |
Clean Harbors, Inc., the leading provider of environmental, energy and industrial services throughout North America, today announced the completion of its acquisition of Safety-Kleen, Inc., a leading provider of parts cleaning and environmental services and the largest re-refiner and recycler of used oil in North America. Clean Harbors purchased Safety-Kleen in an all-cash transaction valued at approximately $1.25 billion, financed through the combination of $289 million of existing cash, $370 million in net proceeds from its recently completed follow-on offering of common stock and $591 million in net proceeds from its recently completed Senior Notes offering. |
Clean Harbors is a provider of environmental and industrial services. Co. has two operating segments: Environmental Services and Safety-Kleen Sustainability Solutions. Through its Environmental Services segment, Co. collects, transports, treats and disposes of hazardous and non-hazardous waste, including resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemical disposal, explosives management and CleanPack® services. Co.'s Safety-Kleen Sustainability Solutions business offerings span the life-cycle of oil and other sustainable lubricant products. Co.'s teams collect used oil which serves as feedstock for its oil re-refineries.
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Company Name: |
Clean Harbors Inc |
Stock buyback: |
CLH buyback |
Website: |
www.cleanharbors.com |
Sector: |
Waste Management |
Number of ETFs Holding CLH: |
61 |
Total Market Value Held by ETFs: |
$1.57B |
Total Market Capitalization: |
$10.47B |
% of Market Cap. Held by ETFs: |
14.99% |
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April 19, 2024 1:54 AM Eastern
Strong Buy (3.55 out of 4)
100th percentile
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