January 6, 2016 Updated 1/6/2016
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Progressive Waste Solutions Ltd. Progressive Waste Solutions Ltd. has extensive waste and recycling operations in the U.S. and Canada.
One of the largest companies in North America that’s on the front line of collecting recyclables, including plastics, is reviewing its “strategic alternatives” and not ruling out the possibility of a sale.
Progressive Waste Solutions Ltd. of Vaughan, Ontario, has extensive waste and recycling operations in both the United States and Canada.
The company, on Jan. 4, said it is aware of press reports that the company could be for sale, but it also cautioned shareholders to not rely on the reports.
What the company did say is that its board has started “a review of strategic alternatives with the objective of enhancing shareholder value.”
Progressive Waste then added, “there can be no assurance that the review of strategic alternatives will result in any change in the Company’s business strategy or in the consummation of any agreement or transaction, and if one does occur, what the economic and other terms and conditions of any transaction might be.”
The company then said it isn’t going to make any further comments prior to the completion of its review.
J.P. Morgan Securities LLC has been hired as a financial adviser.
