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Exhibit 99.2
REPUBLIC CONTACTS
Media Inquiries: Will Flower (954) 769-6392
Investor Inquiries: Tod Holmes (954) 769-2387
Ed Lang (954) 769-3591
REPUBLIC SERVICES, INC. ANNOUNCES $50 MILLION
STOCK REPURCHASE PROGRAM
FORT LAUDERDALE, FLA., JULY 26, 2000...Republic Services, Inc. (NYSE:
RSG) announced today that the Company will begin a common stock repurchase
program. Under this program, the Company will repurchase up to $50 million of
its common stock. The stock repurchases may be made in the open market, in
privately negotiated transactions or a combination of both. The timing and
amounts of any repurchases will be at the discretion of management and will
depend on many factors, including the market price of the common stock and
overall market conditions. The common stock that is repurchased will be held in
treasury.
Republic Services, Inc. is a leading provider of solid waste
collection, transfer and disposal services in the United States. The Company's
operating units are focused on providing solid waste services for commercial,
industrial, municipal and residential customers.
Certain statements and information included herein constitute
"forward-looking statements" within the meaning of the Federal Private
Securities Litigation Reform Act of 1995. Such forward-looking statements
involve known and unknown risks, uncertainties and other factors which may cause
the actual results, performance, or achievements of the Company to be materially
different from any future results, performance, or achievements expressed or
implied, in or by such forward-looking statements. Such factors include, among
other things, whether the Company's estimates and assumptions concerning its
selected balance sheet accounts, closure and post-closure costs, available
airspace, and projected costs and expenses related to the Company's landfills
and property, plant and equipment turn out to be correct or appropriate, and
various factors that will impact the actual business and financial performance
of the Company such as competition in the solid waste industry; dependence on
acquisitions for growth; the Company's ability to manage growth; compliance with
and future changes in environmental regulations; the Company's ability to obtain
approval from regulatory agencies in connection with expansions at the Company's
landfills; the ability to obtain financing on acceptable terms to finance the
Company's operations and growth strategy and for the Company to operate within
the limitations imposed by financing arrangements; the Company's dependence on
key personnel; general economic conditions; dependence on large, long-term
collection contracts; risks associated with undisclosed liabilities of acquired
businesses; risks associated with pending legal proceedings; and other factors
contained in the Company's filings with the Securities and Exchange Commission.
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