Waste Management Completes Divestiture of Wheelabrator Technologies, Inc. to Energy Capital Partners
Waste Management intends to use the net proceeds from the transaction to drive incremental shareholder value by acquiring assets related to the core business and repurchasing shares, all while continuing to maintain a strong balance sheet.
“We’re pleased with this transaction and look forward to an ongoing
relationship with ECP through our long-term waste supply agreements with
Wheelabrator,” said
FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements, Specifically,
all statements regarding the use of proceeds from the Wheelabrator
divestiture and anticipated results from the use of proceeds, are
forward-looking statements. You should view these statements with
caution. They are based on the facts and circumstances known to the
Company as of the date the statements are made and are subject to risks
and uncertainties that could cause actual results to be materially
different, including but not limited to, general economic and capital
market conditions; availability of attractive acquisition targets and
ability to complete acquisitions; and overall business and capital
allocation strategy. Please also see the Company’s filings with
the
ABOUT WASTE MANAGEMENT
Source:
Waste Management
Analysts
Ed Egl, 713.265.1656
eegl@wm.com
or
Media
Toni
Beck, 713.394.5093
tbeck3@wm.com
www.wm.com