NEW YORK (Thomson Financial) - Waste Industries Inc. Tuesday said it had
agreed to be taken private by an investor group made up of some of its executive
officers for $544 million, or $38 a share.
The deal is expected to close during the first half of 2008.
The investor group is being led by Lonnie Poole, the company's chairman, and
Jim Perry, the company's president and chief executive. The group consists of
Macquarie Infrastructure Partners and Goldman Sachs. The group will buy every
outstanding share they don't currently own.
The $38 a share figure represents a roughly 22% premium to the company's
closing price Monday of $29.69.
Ryan Vlastelica
rv/pc
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