Waste Management Responds to Republic Rejection

Houston-based Waste Management has released a statement in response to Fort Lauderdale, Fla.-based Republic Services’ rejection of its July 14 buy-out offer.

“We are disappointed in the Republic Board of Directors’ unwillingness to consider Waste Management’s proposal as one that could reasonably be expected to lead to a superior proposal,” according to the statement. “Waste Management’s board [of directors] and management team are well advised and will evaluate the company’s options.”

For more on Republic’s rejection of the offer, click here.