Allan Gerlat, News Editor

August 27, 2012

1 Min Read
Waste Management Rejects Stock Offer by TRC Capital

Waste Management Inc. is recommending that its shareholders reject a “mini-tender offer” by TRC Capital Corp. to buy up to 3 million shares of company stock.

The Houston-based Waste Management said in a news release that Toronto-based TRC Capital was offering to buy up to 0.65 percent of outstanding common stock at $33 a share. That offer is 4.62 percent below Waste Management’s closing share price Aug. 20, the day prior to the offer, the waste and recycling company said.

“Waste Management does not endorse the offer and recommends against stockholders tendering their shares in response to this offer,” the firm said.

About the Author(s)

Allan Gerlat

News Editor, Waste360

Allan Gerlat joined the Waste360 staff in September 2011 as news editor. He was the editor of Waste & Recycling News for the first 16 years of its history, and under his guidance the publication won 27 national and regional awards.

Before Waste & Recycling News, Allan worked at another Crain Communications publication, Rubber & Plastics News, which covers rubber product manufacturing. He began with the publication as associate editor and eventually became managing editor, a position he held for nine years.

Allan is a graduate of Ohio University, where he earned a BS in journalism. He is based in Sagamore Hills, in northeast Ohio.

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