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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):
April 8, 1998 (April 7, 1998)
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
In a press release, on April 7, 1998 Laidlaw Environmental Services,
Inc. ("LESI") (NYSE:LLE) announced that it has acquired an additional 5.9
million of Safety-Kleen Corp.'s (NYSE:SK) outstanding shares which were formerly
tendered by guarantees to the LLE exchange offer. 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 EXCHANGES ADDITIONAL SAFETY-KLEEN SHARES
Columbia, SC (April 7, 1998) - Laidlaw Environmental Services, Inc. (NYSE:LLE)
said today that it has acquired an additional 5.9 million of Safety-Kleen
Corp.'s (NYSE:SK) outstanding shares which were formerly tendered by guarantees
to the LLE exchange offer. These shares, representing 10% of SK's outstanding
shares, increase the total shares beneficially owned by LLE to 94%. The result
has been the issuance of an additional 16.6 million LLE shares. Shareholders
owning the remaining 6% of SK shares will receive compensation for their shares
as a result of a merger which will follow a special shareholders meeting in
early May.
Laidlaw Environmental Services, Inc. is headquartered in Columbia,
South Carolina and 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.
Safety-Kleen is a leading environmental and industrial service company
dedicated to helping nearly 400,000 industrial and automotive customers recycle
and process their waste streams.
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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: April 8, 1998 By: /s/ Kenneth W. Winger
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Kenneth W. Winger, President
and Chief Executive Officer
