Quantcast
 
Annual return of 118.79% - See How  Click here now!


 

Waste Connections To Offer 10 Million Common Shares

Mon. September 22, 2008; Posted: 10:36 PM
Stocks RSS
Sep 23, 2008 (financialwire.net via COMTEX) -- WCNX | Quote | Chart | News | PowerRating -- September 23, 2008 (FinancialWire) -- Waste Connections, Inc. (NYSE: WCN | Quote | Chart | News | PowerRating) (Current Market Cap: US$2.47 Bil.) plans to issue ten million shares of its common stock in a registered offering. J.P. Morgan Securities (NYSE: JPM), Merrill Lynch & Co. (NYSE: MER), Banc of America Securities (NYSE: BAC | Quote | Chart | News | PowerRating) and Credit Suisse Securities (NYSE: CS | Quote | Chart | News | PowerRating) will act as joint bookrunning managers.

The company plans to grant the underwriters an option to purchase up to 1.5 million additional shares to cover over-allotments.

Waste Connections plans to use the net proceeds to repay a portion of the outstanding borrowings under its senior revolving credit facility and to use the remaining net proceeds for general corporate purposes, which may include acquisitions.

Folsom, California-based Waste Connections is a solid waste services firm that provides solid waste collection, transfer, disposal and recycling services in mostly secondary markets in the Western and Southern U.S.

The company serves more than 1.5 million residential, commercial and industrial customers from a network of operations in 23 states. It also provides intermodal services for the movement of containers in the Pacific Northwest.

FinancialWire" is a fully independent, proprietary news wire service of Investrend Information (a division of Investrend Communications, Inc.). FinancialWire" news is written by professional journalists, dedicated to pure journalistic standards. FinancialWire" does not receive or accept any compensation from any individual or subject company (or representative thereof) for its news or opinions. All FinancialWire" news is available at http://www.financialwire.net . Please address any inquiries to feedback@financialwire.net .

Free annual reports for companies mentioned in the news are available at http://investrend.ar.wilink.com/?level=279 .

http://www.financialwire.net

For full details on Bank Of America Corp (BAC) click here. Bank Of America Corp (BAC) has Short Term PowerRatings of 8. Details on Bank Of America Corp (BAC) Short Term PowerRatings is available at This Link.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Related News [BAC]
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2008 The Connors Group, Inc.