Clean Harbors Plans to List Shares on the New York Stock Exchange
December 03 2008 - 4:05PM
Business Wire
Clean Harbors, Inc. (NASDAQ: CLHB): Company to Trade Under the
Ticker Symbol �CLH� Clean Harbors, Inc. (�Clean Harbors�) (NASDAQ:
CLHB), the leading provider of environmental and hazardous waste
management services throughout North America, today announced that
it has filed an application to list its common stock on the New
York Stock Exchange (�NYSE�). Upon approval of its application,
Clean Harbors expects the shares of its common stock to begin
trading on the NYSE on December 15, 2008, under the symbol �CLH.�
Until that time, Clean Harbors� stock will continue to trade on The
NASDAQ Global Select Market under the symbol �CLHB.� �We are
honored to partner with the NYSE � the most recognized stock
exchange in the world,� said Alan S. McKim, Chairman and Chief
Executive Officer. �Listing on the NYSE reflects the progress that
Clean Harbors has achieved in recent years. Based on the
contributions of our dedicated team of employees, we remain on
track to achieve our objective of surpassing $1 billion in revenue
this year. We look forward to benefiting from the prestige and
visibility associated with the NYSE. We are grateful to The NASDAQ
Stock Market for the role it has played in our Company�s growth.�
Clean Harbors� current market capitalization (excluding shares held
by affiliates) is more than $1.2 billion. At the close of trading
on October 27, 2008, Clean Harbors� common stock was added to the
S&P MidCap 400 Index. "We are pleased to welcome Clean Harbors
to our growing family of NYSE-listed companies, and we look forward
to an outstanding and long lasting partnership with the company,"
said Noreen M. Culhane, Executive Vice President, Global Corporate
Client Group, NYSE Euronext. About Clean Harbors Clean Harbors is
North America's leading provider of environmental and hazardous
waste management services. With an unmatched infrastructure of
waste management facilities, Clean Harbors serves over 45,000
customers, including more than 325 Fortune 500 companies, thousands
of smaller private entities and numerous federal, state and local
governmental agencies. Clean Harbors� Technical Services provides a
broad range of hazardous material management and disposal services
including hazardous and non-hazardous waste recycling, treatment
and disposal, CleanPack� laboratory chemical packing, and household
hazardous waste management services. Clean Harbors� Site Services
provides field services, industrial services, vacuum services,
emergency response and disaster recovery, transformer services,
tank cleaning and decontamination. Headquartered in Norwell,
Massachusetts, Clean Harbors has more than 100 locations
strategically positioned throughout North America in 36 U.S.
states, six Canadian provinces, Mexico and Puerto Rico. For more
information, visit www.cleanharbors.com. Safe Harbor Statement Any
statements contained herein that are not historical facts are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, and involve risks and
uncertainties. These forward-looking statements are generally
identifiable by use of the words �believes,� �expects,� �intends,�
�anticipates,� �plans to,� �estimates,� �projects,� or similar
expressions. These forward-looking statements are subject to
certain risks and uncertainties that could cause actual results to
differ materially from those reflected in these forward-looking
statements. Readers are cautioned not to place undue reliance on
these forward-looking statements, which reflect management�s
opinions only as of the date hereof. The Company undertakes no
obligation to revise or publicly release the results of any
revision to these forward-looking statements other than through its
various filings with the Securities and Exchange Commission.
Furthermore, all financial information in this press release is
based on preliminary data and is subject to the final closing of
the Company�s books and records. A variety of factors beyond the
control of the Company may affect the Company�s performance,
including, but not limited to: The Company�s ability to manage the
significant environmental liabilities that it assumed in connection
with the CSD and other acquisitions; The availability and costs of
liability insurance and financial assurance required by
governmental entities relating to our facilities; The effects of
general economic conditions in the United States, Canada and other
territories and countries where the Company does business; The
effect of economic forces and competition in specific marketplaces
where the Company competes; The possible impact of new regulations
or laws pertaining to all activities of the Company�s operations;
The outcome of litigation or threatened litigation or regulatory
actions; The effect of commodity pricing on overall revenues and
profitability; Possible fluctuations in quarterly or annual results
or adverse impacts on the Company�s results caused by the adoption
of new accounting standards or interpretations or regulatory rules
and regulations; The effect of weather conditions or other aspects
of the forces of nature on field or facility operations; The
effects of industry trends in the environmental services and waste
handling marketplace; and The effects of conditions in the
financial services industry on the availability of capital and
financing. Any of the above factors and numerous others not listed
nor foreseen may adversely impact the Company�s financial
performance. Additional information on the potential factors that
could affect the Company�s actual results of operations is included
in its filings with the Securities and Exchange Commission, which
may be viewed on www.cleanharbors.com/investor_relations.
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