PHOENIX and BOISE,
Idaho, March 31, 2022 /PRNewswire/ -- Republic
Services, Inc. (NYSE: RSG) and US Ecology, Inc. (NASDAQ-GS: ECOL)
announced today that the waiting period under the Hart-Scott-Rodino
Antitrust Improvements Act of 1976, as amended, which applies to
the proposed acquisition by Republic Services of US Ecology,
expired at 11:59 p.m. Eastern Time,
on March 30, 2022. The transaction is
expected to close during the second quarter, subject to approval by
US Ecology's stockholders and satisfaction of the remaining
conditions to closing.
About Republic Services
Republic Services, Inc. is a leader in the U.S. environmental
services industry. Through its subsidiaries, the Company provides
superior service offerings while partnering with customers to
create a more sustainable world. For more information, visit
RepublicServices.com, or follow us at
Facebook.com/RepublicServices, @RepublicService on Twitter or
Republic Services on LinkedIn.
About US Ecology
US Ecology is a leading provider of environmental services to
commercial and government entities. The company addresses the
complex waste management and response needs of its customers
offering treatment, disposal, beneficial re-use, and recycling of
hazardous, non-hazardous, radioactive and other specialty waste. US
Ecology also provides a variety of vertically integrated field
services including logistics and response at its customers in-field
locations and through its network of 10-day transfer facilities.
Logistics solutions include specialty waste packaging, collection
lab pack, transportation, and total waste management. Response
solutions include emergency response, oil spill response standby
services, spill clean-up services, remediation, and industrial
services. US Ecology's focus on safety, environmental compliance,
and best-in-class customer service enables us to effectively meet
the needs of US Ecology's customers and to build long lasting
relationships. US Ecology has been protecting the environment since
1952. For more information visit www.usecology.com.
INFORMATION REGARDING FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking information
about Republic Services and US Ecology that is intended to be
covered by the safe harbor for "forward-looking statements"
provided by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are statements that are not historical
facts. Words such as "guidance," "expect," "will," "may,"
"anticipate," "plan," "estimate," "project," "intend," "should,"
"can," "likely," "could," "outlook" and similar expressions are
intended to identify forward-looking statements. These statements
include information about Republic Services' or US Ecology's plans,
strategies and prospects. Forward-looking statements are not
guarantees of performance. These statements are based upon the
current beliefs and expectations of management and are subject to
risk and uncertainties that could cause actual results to differ
materially from those expressed in, or implied or projected by, the
forward-looking information and statements. Although Republic
Services and US Ecology believe that the expectations reflected in
the forward-looking statements are reasonable, there can be no
assurances that the expectations will prove to be correct. Among
the factors that could cause actual results to differ materially
from the expectations expressed in the forward-looking statements
are the effects of the COVID-19 pandemic and actions taken in
response thereto, acts of war (including the ongoing war in
Ukraine), riots or terrorism, and
the impact of these acts on economic, financial and social
conditions in the United States,
the risk that the transaction may not be completed in a timely
manner, if at all, the failure to satisfy the conditions of the
consummation of the transaction, the effect of the announcement or
pendency of the transaction on Republic Services' or US Ecology's
business relationships, operating results, and business generally,
the risk that the proposed transaction disrupts current plans and
operations of Republic Services or US Ecology, including by
diverting management's attention from ongoing business operations,
and the outcome of any legal or regulatory proceedings related to
the merger agreement or the transaction. More information on
factors that could cause actual results or events to differ
materially from those anticipated is included from time to time in
Republic Services' and US Ecology's respective reports filed with
the Securities and Exchange Commission ("SEC"), including their
respective Annual Reports on Form 10-K for the fiscal year ended
December 31, 2021, particularly under
Part II, Item 1A - Risk Factors. Additionally, new risk factors
emerge from time to time and it is not possible for Republic
Services or US Ecology to predict all such risk factors, or to
assess the impact such risk factors might have on their businesses.
Republic Services and US Ecology undertake no obligation to update
publicly any forward-looking statements whether as a result of new
information, future events or otherwise, except as required by
law.
ADDITIONAL INFORMATION AND WHERE TO FIND IT
This communication may be deemed to be solicitation material in
respect of the proposed merger between a subsidiary of Republic
Services and US Ecology. US Ecology has filed with the SEC a
definitive proxy statement in connection with the contemplated
transaction. The definitive proxy statement contains important
information about the contemplated transaction. INVESTORS AND
SECURITY HOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY
THE DEFINITIVE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS
FILED WITH THE SEC WHEN THEY BECOME AVAILABLE. Investors and
security holders may obtain a free copy of the definitive proxy
statement and other documents filed with the SEC at the SEC's
website at www.sec.gov, or without charge, contacting US Ecology's
Investor Relations, Alison Ziegler
at azieglar@darrowir.com.
CERTAIN INFORMATION CONCERNING PARTICIPANTS
US Ecology and its directors and executive officers may be
deemed to be participants in the solicitation of proxies from US
Ecology's stockholders in connection with the contemplated
transaction. Information about US Ecology's directors and executive
officers is set forth in its proxy statement for its 2021 Annual
Meeting of Stockholders, which may be obtained for free at the
SEC's website at www.sec.gov. Additional information regarding the
interests of participants in the solicitation of proxies in
connection with the contemplated transactions is included in the
definitive proxy statement that US Ecology has filed with the
SEC.
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SOURCE Republic Services, Inc. and US Ecology