Waste Connections Inc will purchase privately held R360 Environmental Solutions Inc for about $1.3 billion to expand its oilfield waste management services.Municipal Solid Waste (MSW) volumes have been under pressure in a weak U.S. economy, forcing waste management companies to look at alternative sources to boost revenue."While a tepid economy has impacted MSW volumes, increased drilling activity in unconventional areas is fueling impressive organic growth within the exploration and production (E&P) waste sector," Ronald Mittelstaedt, chief executive of Waste Connections, said in a statement.The deal provides Waste Connections with access to several active natural resource producing areas in the United States, including the oil-rich Permian, Bakken and Eagle Ford Basins, and adds to its exploration and production (E&P) facility in Southwest Louisiana.
Waste Connections, Inc. (WCI) is an integrated solid waste services company that provides solid waste collection, transfer, disposal and recycling services in the United States. Shares of WCN remained unchanged at $29.67. In the past year, the shares have traded as low as $28.70 and as high as $35.95. On average, 633034 shares of WCN exchange hands on a given day and today's volume is recorded at 0.
Waste Management, Inc. (WM) is a provider of waste management services in North America. Shares of WM remained unchanged at $33.96. In the past year, the shares have traded as low as $28.77 and as high as $36.35. On average, 3972680 shares of WM exchange hands on a given day and today's volume is recorded at 0.
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