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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): May 27, 1998 (May 18, 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 May 18, 1998 Laidlaw Environmental Services,
Inc. ("LESI") (NYSE:LLE) announced that at a special meeting of Safety-Kleen
Corp. ("SK") (NYSE:SK) shareholders held in Columbia, South Carolina, 96%
of the outstanding SK shares voted in favor of approving the merger of a
subsidiary of LESI with SK. 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 COMPLETES MERGER WITH
SAFETY-KLEEN
COLUMBIA, SC (MAY 18, 1998) - Laidlaw Environmental Services, Inc.
(NYSE:LLE) announced that at a special meeting of Safety-Kleen shareholders held
in Columbia, South Carolina, that 96% of the outstanding Safety-Kleen shares
voted in favor of approving the merger of a subsidiary of Laidlaw Environmental
Services with Safety-Kleen Corp. (NYSE:SK). It is anticipated that the merger
will be effective with the filing of the required documents in the respective
states of incorporation on Wednesday, May 20, 1998.
Laidlaw Environmental owned 94% of the outstanding shares upon the
close of its tender in early April. The remaining outstanding shares will now be
acquired for $18.30 cash plus 2.8 shares of Laidlaw Environmental for each share
of Safety-Kleen. Shareholders of Safety-Kleen Corp. should anticipate receiving
transmittal materials shortly from First Chicago Trust Company of New York
detailing instructions for transmitting their shares.
The merger of Laidlaw Environmental and Safety-Kleen has created the
leading industrial waste service company of both hazardous and non-hazardous
waste streams. From collection through recycle and disposal, the combined
Company provides comprehensive waste management services to over 350,000
industrial and automotive customers in North America. For further information,
contact Investor Relations at (847) 468-8486.
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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: May 27, 1998 By: /s/ Kenneth W. Winger
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Kenneth W. Winger, President
and Chief Executive Officer
