|Date Announced:||January 19, 2016|
|Date Closed:||June 01, 2016|
|Client Name:||Waste Connections, Inc.|
On January 19, 2016, Waste Connections, Inc. announced that it entered into an agreement with Progressive Waste Solutions, Ltd. to merge in an all-stock transaction, on completion of which stockholders of Waste Connections will own approximately 70% of the combined company, and shareholders of Progressive Waste Solutions will own approximately 30% of the combined company.
The combined company will use the Waste Connections, Inc. name and it is anticipated that its shares will trade on the New York Stock Exchange and the Toronto Stock Exchange. The transaction is expected to close in the second quarter of 2016.
Waste Connections is an integrated solid waste services company that provides waste collection, transfer, disposal and recycling services in mostly exclusive and secondary markets. Shares of Waste Connections common stock trade on the New York Stock Exchange under the symbol "WCN".
Progressive Waste Solutions provides non-hazardous solid waste collection, recycling and disposal services to commercial, industrial, municipal and residential customers in 14 U.S. states and the District of Columbia and six Canadian provinces. Its shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol “BIN”.
Bennett Jones is Canadian counsel to Waste Connections with a team led by Brent Kraus and Harinder Basra and including Kelly Ford, Eric Chernin, Steve Gow (Capital Markets and M&A), Anu Nijhawan (Tax), Karen Dawson (Banking), Beth Riley (Regulatory), Susan Seller, Mariette Matos (Pension & Benefits) and Carl Cunningham (Employment).