Allan Gerlat, News Editor

December 22, 2011

1 Min Read
Law Firm Investigating WCA Waste Sale

A law firm is investigating WCA Waste Corp.’s board of directors for potential breaches of fiduciary duties to stockholders concerning the sale of the company to Macquarie Infrastructure Partners II (MIP II).

New York-based Faruqi & Faruqi, LLP said in a news release it is investigating whether Houston-based WCA’s directors failed to conduct an adequate and fair sales process before agreeing to the proposed transaction, if the deal undervalues WCA's shares and if so by how much it undervalues the company.

MIP II announced Dec. 21 it is buying WCA for $6.50 per common share for a total value of about $526 million.

WCA company officials were not immediately available for comment.

 

 

 

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.

Stay in the Know - Subscribe to Our Newsletters
Join a network of more than 90,000 waste and recycling industry professionals. Get the latest news and insights straight to your inbox. Free.

You May Also Like