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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
June 15, 1998
Date of Report (Date of earliest event reported)
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WASTE MANAGEMENT, INC.
(Exact name of registrant as specified in its
charter)
DELAWARE
(State or other jurisdiction of incorporation)
1-7327 36-2660763
(Commission File Number) (IRS Employer Identification No.)
3003 BUTTERFIELD ROAD, OAK BROOK, ILLINOIS 60523
(Address of principal executive offices) (Zip code)
(630) 572-8800
(Registrant's telephone number, including area code)
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Item 5. Other Events.
On June 15, 1998, the registrant issued a press release stating that
the price to the public for its previously announced offering of 20 million
shares of common stock will be $31.3125 per share. Net proceeds to the
registrant, reflecting a 3% underwriting discount and expenses of the offering
payable by the registrant estimated at $425,000, will be approximately $607
million and will be used for repayment of borrowings under the registrant's bank
credit facility and repayment of commercial paper. A copy of the press release
is filed herewith as an exhibit and incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
No financial statements or pro forma financial information are
required to be filed as a part of this report. The exhibit filed as part of this
report is listed in the Exhibit Index hereto.
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SIGNATURE
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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 thereunto duly authorized.
WASTE MANAGEMENT, INC.
By: /s/ Donald R. Chappel
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Donald R. Chappel
Vice President and Acting Chief
Financial Officer
Dated: June 15, 1998
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WASTE MANAGEMENT, INC.
EXHIBIT INDEX
Number and Description of Exhibit*
1 None
2 None
4 None
16 None
17 None
20 None
23 None
24 None
27 None
99 News Release dated June 15, 1998 issued by Waste Management, Inc.
*Exhibits not listed are inapplicable.
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EXHIBIT 99
Analyst contact: Media contact:
Cherie Rice William J. Plunkett
(630) 218-1850 (630) 572-8898
WASTE MANAGEMENT, INC. PRICES SHARE OFFERING
Oak Brook, Illinois, June 15,1998 -- Waste Management, Inc. today announced that
the price to the public for its previously announced offering of 20 million
shares of common stock will be $31.3125 per share. The offering is expected to
be completed on June 19, 1998. Net proceeds to the Company of approximately
$607 million will be used for repayment of borrowings under the Company's bank
credit facility and for repayment of commercial paper.
Merrill Lynch Pierce Fenner & Smith Incorporated and Donaldson, Lufkin &
Jenrette Securities Corporation are acting as managers and underwriters of the
offering.
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