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December 22, 2011 Finance news in Brooklyn,New York, United States of America

WCA Waste Corporation (Nasdaq:WCAA) is an integrated company engaged in the collection, transportation, processing and disposal of non-hazardous solid waste. The operations of WCA Waste Corporation cu




FOR IMMEDIATE RELEASE
Brooklyn, New York, United States of America (Free-Press-Release.com) December 22, 2011 -- WCA Waste Corporation (Nasdaq:WCAA) is an integrated company engaged in the collection, transportation, processing and disposal of non-hazardous solid waste. The operations of WCA Waste Corporation currently consist of 25 landfills, 29 transfer stations/material recovery facilities and 29 collection operations located throughout Alabama, Arkansas, Colorado, Florida, Kansas, Massachusetts, Missouri, New Mexico, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee and Texas.



WCA Waste Corporation announced yesterday that it has entered into an agreement and plan of merger with Macquarie Infrastructure Partners II ("MIP II"), a leading North American infrastructure investment fund. Under the terms of the agreement, MIP II will acquire all of the outstanding common stock of WCA Waste for $6.50 per share in cash, redeem all Series A preferred stock and either partially or completely refinance WCA Waste's existing credit facilities. The transaction is valued at approximately $526 million. The purchase price represents a premium of 30% over WCA Waste's closing stock price on December 20, 2011.



Read the full article at: stockhottips.com/?p=19950



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