Waste Industries USA Finalizes Deal to Go Private

December 18, 2007

1 Min Read
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Raleigh, N.C.-based Waste Industries USA has finalized a $544 million deal to go private. The company entered a merger agreement with an investment group led by Lonnie Poole Jr., the company’s founder and chairman; Jim Perry, the company’s president and CEO; and financial partners Macquarie Infrastructure Partners and Goldman Sachs.

Shareholders will sell their shares at $38 per share, which includes a 33 percent premium from the closing price on Oct. 22, when the offer was first announced. The deal is expected to close during the first half of next year.

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