<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):
March 30, 1998 (March 30, 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
In a press release, on March 30, 1998 Laidlaw Environmental Services,
Inc. ("LESI") (NYSE:LLE) reminded Safety-Kleen Corp. ("SK") (NYSE:SK)
shareholders that the exchange offer providing $18.30 in cash and 2.8 LLE shares
for each SK share validly tendered and not withdrawn is set to expire at
midnight, New York City time on Tuesday, March 31, 1998. The exchange offer has
been unanimously recommended to SK shareholders by the SK Board of Directors.
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
Information Agent
Morrow & Co., Inc.
(800) 566-9061
SAFETY-KLEEN SHARES DUE UNDER LAIDLAW ENVIRONMENTAL EXCHANGE OFFER
Columbia, SC (March 30, 1998) - Laidlaw Environmental Services, Inc. (NYSE:LLE)
reminded Safety-Kleen Corp. (NYSE:SK) shareholders today that the exchange offer
providing $18.30 in cash and 2.8 LLE shares for each SK share validly tendered
and not withdrawn is set to expire at midnight, New York City time on Tuesday,
March 31, 1998. The exchange offer has been unanimously recommended to SK
shareholders by the SK Board of Directors.
Closing of the transaction, contingent upon receiving in excess of
two-thirds of the SK shares outstanding, will take place promptly after the
exchange offer expires. The back-end merger required to complete the transaction
would then follow some six weeks thereafter.
Kenneth W. Winger, President and CEO of Laidlaw Environmental, stated:
"We encourage SK shareholders to tender their shares prior to the March
31, 1998 expiration. Shares not tendered by the expiration date will not receive
the value of the exchange offer until the back-end merger has been completed, at
least six weeks later. We look forward to implementing our plans for creating
increased value from the combined company and appreciate the very positive
response from SK shareholders during this process."
SK shareholders should contact LLE's Information Agent, Morrow & Co.,
Inc., for assistance or information concerning the exchange of their shares.
Safety-Kleen is an environmental and industrial service company which
recycles and processes the waste streams of 400,000 industrial and automotive
customers.
Laidlaw Environmental Services is the leading provider of hazardous and
industrial waste management services to industries and governments. The company
operates from more than 100 locations throughout North America.
-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: March 30, 1998 By: /s/ Kenneth W. Winger
--------------------------------
Kenneth W. Winger, President
and Chief Executive Officer
