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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) February 12, 1999
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Republic Services, Inc.
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(Exact Name of Registrant as Specified in Charter)
Delaware 1-14267 65-0716904
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(State or other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
110 SE 6th Street, 28th Floor, Ft. Lauderdale, FL 33301
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (954) 769-6000
N/A
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(Former Name or Former Address; if Changed Since Last Report)
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ITEM 5. OTHER EVENTS.
By February 12, 1999, pursuant to the Asset Sale Agreement (the "Asset
Sale Agreement") dated September 27, 1998 by and between the Company and Waste
Management, Inc., as amended, and the supplemental agreements thereto, the
Company has acquired 15 landfills, 11 transfer stations and 136 commercial
collection routes across the United States, as well as disposal agreements at
various Waste Management facilities. The Company paid Waste Management
approximately $433.8 million of cash, including cash obtained pursuant to the
Company's credit facility, and certain properties.
Pursuant to the Asset Sale Agreement, one additional landfill will be
sold by Waste Management to the Company for approximately $55 million in cash,
pending certain regulatory approvals and consents. The Company intends to use
cash on hand, including cash obtained pursuant to the Company's credit
facilities, to complete the acquisition of this landfill.
The foregoing is a summary of certain information contained in the
Asset Sale Agreement, as amended, and the supplemental agreements thereto.
Reference is made to the more detailed information contained in such agreements
and attached hereto as Exhibits 2.1, 2.2 and 2.3.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) EXHIBITS.
2.1 Asset Sale Agreement dated September 27, 1998 by and between
the Company and Waste Management, Inc., as amended.
2.2 Supplemental Agreement dated November 13, 1998 by and
between the Company and Waste Management, Inc.
2.3 Second Supplemental Agreement dated November 13, 1998 by and
between the Company and Waste Management, Inc.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
February 16, 1999 REPUBLIC SERVICES, INC.
By: /s/ David A. Barclay
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David A. Barclay
Senior Vice President
and General Counsel
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EXHIBIT INDEX
2.1 Asset Sale Agreement dated September 27, 1998 by and between the
Company and Waste Management, Inc., as amended.
2.2 Supplemental Agreement dated November 13, 1998 by and between the
Company and Waste Management, Inc.
2.3 Second Supplemental Agreement dated November 13, 1998 by and between
the Company and Waste Management, Inc.
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