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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) November 14, 1997
(November 11, 1997)
Laidlaw Environmental Services, Inc.
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(Exact name of Company as specified in its charter)
Delaware 1-8368 51-0228924
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(State or other (Commission (IRS Employer
jurisdiction File Number) Identification
of incorporation) Number)
1301 Gervais Street, Suite 300, Columbia, South Carolina 29201
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (803) 933-4200
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ITEM 5. OTHER EVENTS
On November 11, 1997, Laidlaw Environmental Services, Inc.
("LESI")(NYSE:LLE) announced the award of an additional harbor dredging contract
for the New York/New Jersey harbor area. The full text of the announcement is
reproduced below:
FOR IMMEDIATE RELEASE
Contact: Kenneth W. Winger
President and Chief Executive Officer
Paul R. Humphreys
Senior Vice President, Finance and Chief Financial Officer
(803) 933-4210
LAIDLAW ENVIRONMENTAL GAINS
ADDITIONAL HARBOR DREDGING CONTRACT
COLUMBIA, SOUTH CAROLINA...NOVEMBER 11, 1997. Laidlaw Environmental Services,
Inc. (NYSE:LLE) today announced the award of an additional harbor dredging
contract for the New York/New Jersey harbor area. With this award, the Company
increased its current fiscal year backlog of projects to actively manage the
dredging, treatment and placement of sediment material to 1.3 million cubic
yards with an estimated revenue value of $62.0 million.
This latest addition of over 900,000 cubic yards to the Company's dredging
related activities is expected to generate revenue of $44 million. Once dredged,
the material will be treated and placed on a nearby site under a beneficial
re-use plan whereby the sediment material is used as fill at a local
remediation site. Laidlaw Environmental Services continues to bid for
additional available work of this type.
Laidlaw Environmental Services, Inc., headquartered in Columbia, South
Carolina, supplies hazardous and industrial waste management services to
industry and government across North America. The Company provides customers
with local service from more than 100 locations in the United States and
Canada, including 53 service centers, 12 landfills, 9 incineration facilities
and a number of specialty service locations.
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SIGNATURES
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Pursuant to the requirements of the Securities Exchange Act of 1934, the
Company has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
LAIDLAW ENVIRONMENTAL SERVICES, INC.
Date: November 14, 1997 By: /s/ Kenneth W. Winger
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Kenneth W. Winger, President
and Chief Executive Officer
