<PAGE> 1
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):
January 28, 1998 (January 27, 1998)
Laidlaw Environmental Services, Inc.
- --------------------------------------------------------------------------------
(Exact name of Company as specified in its charter)
Delaware 1-8368 51-0228924
- --------------------------------------------------------------------------------
(State or other (Commission (IRS Employer
jurisdiction File Number) Identification
of incorporation) Number)
1301 Gervais Street, Suite 300, Columbia, South Carolina 29201
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (803) 933-4200
<PAGE> 2
ITEM 5. OTHER EVENTS
On January 27, 1998, Laidlaw Environmental Services, Inc. ("LESI")
(NYSE:LLE) announced that early termination of the statutory waiting period
established under the Hart-Scott-Rodino review process has been granted as it
concerned the Company's offer for all the outstanding shares of Safety-Kleen
Corp. (NYSE:SK) has been approved. The full text of the announcement is
reproduced below. Note that the announcement contains statements regarding
LESI's opinion regarding the value created by LESI's offer and the direction
that the Safety-Kleen board should take in order to provide value to its
shareholders.
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 ANNOUNCES EARLY TERMINATION OF
HART-SCOTT-RODINO WAITING PERIOD
COLUMBIA, South Carolina (January 27, 1998) - Laidlaw Environmental Services,
Inc. (NYSE:LLE) today announced that early termination of the statutory waiting
period established under the Hart-Scott-Rodino review process has been granted
as it concerned the Company's offer for all the outstanding shares of
Safety-Kleen Corp. (NYSE:SK).
Commenting on this development, Kenneth W. Winger, Laidlaw
Environmental Services' president and chief executive officer said,
"The improved offer for Safety-Kleen shares announced yesterday, which
eliminated cash reductions associated with "break-up" fees, and now the early
termination of the Justice Department's review, clear the path for an
expeditious completion of Laidlaw Environmental's tender offer. In order to
convey timely maximum value to its shareholders, the Safety-Kleen board must now
acknowledge the superiority of our offer and take positive action to facilitate
its acceptance."
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, 11 landfills, 6 major incineration facilities and
a number of specialty service locations.
-END-
<PAGE> 3
SIGNATURES
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: January 28, 1998 By: /s/ Kenneth W. Winger
----------------------
Kenneth W. Winger, President
and Chief Executive Officer
