secwatch.observer — SEC 8-K summary
======================================

Issuer:     REPUBLIC SERVICES, INC. (RSG)
CIK:        0001060391
Form:       8-K
Filed at:   2022-02-09T23:59:59+00:00
Accession:  0001193125-22-031959
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Republic Services to acquire US Ecology for $48/share, ~$2.2B enterprise value
------------------------------------------------------------------------------

- Republic pays $48 per share in cash; total enterprise value ~$2.2B including ~$0.7B net debt.
- US Ecology's LTM revenue $968M, adj. EBITDA $156M; deal expected to close by Q2 2022.
- Republic expects $40M in cost synergies within 3 years; immediately accretive to adjusted EPS and FCF.
- Adds 9 specialty landfills (5 hazardous), 16 TSDFs, 7 wastewater facilities, 80+ field locations.
- Combined environmental solutions revenue ~$1.4B; platform for cross-selling and tuck-in acquisitions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1060391/000119312522031959/0001193125-22-031959-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1060391/000119312522031959/d290172d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-031959

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer