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GREAT WESTERN RECLAMATION, INC. TECHNICAL PROPOSAL PART 1
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GREAT WESTERN RECLAMATION, INC. TECHNICAL PROPOSAL PART 1
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GREAT WESTERN RECLAMATION PART 1
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Public Works
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The transaction calls for Brand to be merged into a wholly owned subsidiary of Rust. <br /> In the merger, Brand stockholders will have the option to receive shares in Rust on a one- <br /> for-one basis for each Brand share or $18.75 per share in cash. <br /> Also in the quarter, Wheelabrator Technologies completed the acquisition of four <br /> environmental businesses from JWP Inc. The businesses are two air pollution control <br /> subsidiaries, JWP Air Technologies and JWP Amcec Corporation, and two sludge <br /> pelletization projects under development in New York City and Baltimore. Wheelabrator <br /> also began construction in the quarter on a $92-million cogeneration facility in Polk County, <br /> Florida designed to convert 350,000 tons of waste wood and 25,000 tons of fires each year <br /> into electrical energy. <br /> The Wheelabrator Board of Directors elected John M. Kehoe, Jr. President and Chief <br /> Operating Officer of the Company. Mr. Kehoe, who has served as President of <br /> Wheelabrator Environmental Systems Inc. and has more than 18 years of experience with the <br /> Company, succeeds Rodney Gilbert who became President and Chief Operating Officer of <br /> Rust International. <br /> In the quarter, Waste Management International announced plans to acquire 75 <br /> percent of Environnement Service SA, a firm engaged in solid waste collection and disposal <br /> and industrial cleaning throughout the greater Paris area. Shortly after the end of the year, <br /> Waste Management International also announced that its Wessex Waste Management Ltd <br /> joint venture with Wessex Water plc had acquired Waste Management Ltd., which was the <br /> solid waste services business of NFC plc and was previously unrelated to Waste <br /> Management, Inc. or Waste Management International plc. Waste Management Ltd. is a <br /> major solid waste services provider in Britain. Waste Management International also <br /> announced that it will acquire an additional shareholding of approximately five percent of the <br /> ordinary share capital of Wesssex Water for approximately $97,000,000 bringing Waste <br /> Management's total equity interest to approximately 20 percent. <br /> On January 18, 1992, Waste Management's Board of Directors approved a proposal <br /> to change the Company's name to WMX Technologies, Inc., reflecting the significant <br /> expansion of services available to its customers that go beyond its original waste services <br /> focus. At the same time, the Company said it intends to retain the name Waste <br /> Management, Inc. for use by its North American solid waste operations. The proposal is <br /> subject to stockholder approval at the Company's May 14, 1993 annual meeting. <br /> Waste Management, Inc., based in Oak Brook, Ill., is the leading international <br /> environmental services company. Operating through subsidiaries and affiliates throughout <br /> the United States, Canada and 20 countries overseas, it provides comprehensive solid and <br /> hazardous waste services, energy recovery and environmental technologies and engineering <br /> resources. <br /> 3 <br />
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