Progressive Waste Solutions Ltd
How Can Waste Connections Back out of the Merger?
The MAE clause lays out the circumstances where Waste Connections (WCN) can back out of its merger with Progressive Waste (BIN).
Progressive Waste-Waste Connections Merger: MAE Clause
The MAE (material adverse effect) clause is one of the first things that arbitrageurs check in a merger agreement.
What Should Investors Know about Progressive Waste?
Progressive Waste is in the non-hazardous waste management industry. It’s one of the largest vertically integrated non-hazardous waste management companies.
Could the BIN-WCN Merger Deal Get Competitive?
Two companies bidding against each other in a merger deal can easily lead from a 1% gross spread to a 10% gross spread for merger arbitrage professionals.
Blue Harbour Starts New Position in Clean Harbors
Blue Harbour started a new position in Clean Harbors (CLH) in 4Q14, buying 1,434,552 shares worth $68 million. It accounts for 2.21% of the fund’s total portfolio.
Relational lowers position in Clean Harbors
Founded in 1980 and based in Massachusetts, Clean Harbors is a provider of environmental, energy, and industrial services.