Republic Services, Inc. provides nonhazardous solid waste collection and disposal services for commercial, industrial, municipal, and residential customers in the United States. The company primarily engages in residential collection operations that include curbside collection of refuse from small containers into collection vehicles for transport to transfer stations or directly to landfills. Its commercial and industrial collection operations include the supply of waste containers of various sizes to construction sites and rental of compactors to large waste generators, as well as the provision of waste collection services to industrial and construction facilities on contractual basis. In addition, the company provides recycling services, including the curbside collection of residential recyclable waste to commercial and industrial customers.
Waste management (WMI) is currently trying to buy RSG for $6.73 billion dollars. RSG claims the bid significantly undervalues the company. At the same time, RSG is trying to purchase Allied Waste Industries (AW) for $6.07 billion.
Bill Gates Foundation, Cascade Investment LLC, has bought 3,080,991 shares for a total of $106,976,640 brining the average price to $34.72.
Cascade Investment now owns a total of 31,395,240 shares.
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