IESI-BFC Ltd. and Waste Services, Inc. Announce Completion of SEC Review of Proxy Statement and Special Meeting of Shareholders
08 June 2010 - 12:50AM
Marketwired
IESI-BFC Ltd. ("IESI-BFC") (TSX: BIN)(NYSE: BIN) and Waste
Services, Inc. ("WSI") (NASDAQ: WSII) today announced that the
United States Securities and Exchange Commission ("SEC") has
completed its review of the Proxy Statement/Prospectus for the
Special Meeting of WSI's shareholders for the purpose of approving
the proposed merger with IESI-BFC.
The Special Meeting of WSI's shareholders will be held on
Wednesday, June 30, 2010 at 9:00 a.m. (ET) at the Hilton Garden
Inn, 985 Syscon Road, Burlington, Ontario, Canada in the Labatt
Hall "C".
Completion of the transaction remains subject to the
satisfaction or waiver of certain other closing conditions,
including approval from WSI shareholders and the Canadian
Competition Bureau.
Forward-Looking Statements
This communication includes "forward-looking statements" within
the meaning of the safe harbor provisions of the United States
Private Securities Litigation Reform Act of 1995 and applicable
Canadian securities legislation. Words such as "expect,"
"estimate," "project," "budget," "forecast," "anticipate,"
"intend," "plan," "may," "will," "could," "should," "believes,"
"predicts," "potential," "continue," and similar expressions are
intended to identify such forward-looking statements. These
forward-looking statements may include, without limitation,
IESI-BFC Ltd.'s expectations with respect to: the synergies,
efficiencies, capitalization and anticipated financial impacts of
the transaction; approval of the transaction by Waste Services,
Inc. stockholders; the satisfaction or waiver of the closing
conditions to the transaction; and the timing of the completion of
the transaction.
These forward-looking statements involve significant risks and
uncertainties that could cause actual results to differ materially
from the expected results. Most of these factors are outside our
control and difficult to predict. The following factors, among
others, could cause or contribute to such material differences: the
ability to obtain the approval of the transaction by Waste
Services, Inc. stockholders; the ability to realize the expected
synergies resulting from the transaction in the amounts or in the
timeframe anticipated; the ability to integrate Waste Services,
Inc.'s businesses into those of IESI-BFC Ltd. in a timely and
cost-efficient manner; and the ability to obtain governmental
approvals of the transaction or to satisfy or waive the other
conditions to the transaction on the proposed terms and timeframe.
Additional factors that could cause IESI-BFC Ltd.'s results to
differ materially from those described in the forward-looking
statements can be found in IESI-BFC Ltd.'s 2009 Annual Report on
Form 40-F, Registration Statement on Form F-10, as amended, and
Registration Statement on Form F-4, each of which are filed with
the SEC and available at the SEC's Internet web site (www.sec.gov),
and its 2009 Annual Information Form filed with the Ontario
Securities Commission which is available at the SEDAR web site
(www.sedar.com). IESI-BFC Ltd. cautions that the foregoing list of
factors is not exclusive. All subsequent written and oral
forward-looking statements concerning IESI-BFC Ltd., the
transaction or other matters and attributable to IESI-BFC Ltd. or
any person acting on its behalf are expressly qualified in their
entirety by the cautionary statements above. IESI-BFC Ltd. does not
undertake any obligation to update any forward-looking statement,
whether written or oral, relating to the matters discussed in this
communication, except as required by law.
Additional Information
IESI-BFC Ltd. has filed with the SEC a Registration Statement on
Form F-4 containing a proxy statement/prospectus. Stockholders are
encouraged to read the proxy statement/prospectus regarding the
proposed transaction as well as other documents filed with the SEC
because they contain important information. Stockholders may obtain
a free copy of the definitive proxy statement/prospectus, as well
as other filings containing information about IESI-BFC Ltd. and
Waste Services, Inc., without charge, at the SEC's Internet site
(www.sec.gov).
You may also obtain copies of all documents filed with the SEC
regarding this transaction, without charge, from IESI-BFC's website
(www.iesi-bfc.com) or from Waste Services' website
(www.wasteservicesinc.com) or by directing a request to IESI-BFC
Ltd., 135 Queens Plate Drive, Suite 300, Toronto, Ontario, Canada
M9W 6V1, Attention: Investor Relations, (416) 401-7729, or to Waste
Services, Inc., 1122 International Blvd., Suite 601, Burlington,
Ontario, Canada L7L 6Z8, Attention: Shareholder Relations, (905)
319-1237.
About IESI-BFC Ltd.
IESI-BFC Ltd., through its subsidiaries, is one of North
America's largest full-service waste management companies,
providing non-hazardous solid waste collection and landfill
disposal services to commercial, industrial, municipal and
residential customers in ten states and the District of the
Columbia in the U.S., and five Canadian provinces. Its two brands,
IESI and BFI Canada, are leaders in their markets and serve over
1.8 million customers with vertically integrated collection and
disposal assets. IESI-BFC's shares are listed on the New York and
Toronto Stock Exchanges under the symbol BIN.
To find out more about IESI-BFC, visit its website at
www.iesi-bfc.com.
Contacts: IESI-BFC Ltd. Andrea Rudnick Vice President, Corporate
Development and Communications (416) 401-7750 IESI-BFC Ltd. Chaya
Cooperberg Director, Investor Relations and Corporate
Communications (416) 401-7729 chaya.cooperberg@bficanada.com
www.iesi-bfc.com Waste Services, Inc. Ed Johnson Executive Vice
President and Chief Financial Officer (905) 319-1237
ejohnson@wsii.us
Waste Services (MM) (NASDAQ:WSII)
Historical Stock Chart
From Jan 2025 to Feb 2025
Waste Services (MM) (NASDAQ:WSII)
Historical Stock Chart
From Feb 2024 to Feb 2025