U.S., 3 states ask federal court to block Waste Management's planned acquisition

Article Abstract:

The US Justice Dept., Florida, Pennsylvania and New York have joined together to protest the acquisition of Houston, TX-based Eastern Environmental Services Inc. by Mount Laurel, NJ-based Waste Management Inc. on antitrust grounds. If the merger goes through, the Justice Dept. contends that competition for New York, NY's waste disposal contract, valued in the billions of dollars, would be reduced. The merger would increase Waste Management's share of NYC waste disposal services to close to 50%. Justice Dept. officials feel a settlement can be reached with regulators that will not necessarily derail the entire acquisition.

Government regulation (cont), Refuse systems, Cases, Antitrust law, United States. Department of Justice, Refuse disposal industry, Waste Management Inc. (Houston, Texas), WMX, Eastern Environmental Services Inc., EESI

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Allied Waste is set to acquire American Disposal

Article Abstract:

American Disposal Services Inc. will be acquired by Allied Waste Industries Inc. in a $1.1 billion stock deal that was designed to allow the companies to compete with their larger rivals. The acquisition deal will bring almost $600 million of revenue to Allied Waste giving it an annualized revenue of $1.5 billion. Allied Waste, which has been following a strategy of growth through acquisition in the immensely profitable waste management business, has bought over 100 regionally-based companies since 1992.

Comment:

Will acquire American Disposal Services Inc. in a $1.1 billion stock deal

Refuse Systems, Waste Collection, Licensing/Sales Agreements, Allied Waste Industries Inc., Article, American Disposal Services Inc.

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Kaufman & Broad agrees to acquire western builder

Article Abstract:

As Kaufman & Broad Home Corp. acquires Lewis Homes for $409 million plus debt, the new combined company plans to build 21,000 homes in 1999. Lewis' home-building market has been in California and Nevada, areas that enhance Kaufman's exposure. Total number of homes should make the new company leaders over competitors like Pulte Home Corp. and Centex Corp. Kaufman has also acquired other builders in Colorado and Texas.

Single Family Housing Construction, Single-family housing construction, 1-Family Housing, Construction industry, Residential construction, Abstract, KBH, Single family housing, KB Home Corp., Lewis Homes

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