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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 17, 1998
EASTERN ENVIRONMENTAL SERVICES, INC.
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(Exact name of issuer as specified in charter)
Delaware 0-16102 59-2840783
(State or Other Jurisdiction Commission (I.R.S. Employer
Or Incorporation or File Number Identification
Organization) Number)
1000 CRAWFORD PLACE, MT. LAUREL, NEW JERSEY 08054
(Address of principal executive offices)
(609)235-6009
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS.
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Eastern Environmental Services, Inc. (the "Registrant") and Waste
Management, Inc. ("WMI") each announced on November 17, 1998 that a
complaint was filed in the Eastern District Court of New York against WMI
and the Registrant to enjoin their previously announced merger. Copies of
the press releases filed by the Registrant and WMI are attached as Exhibits
99.1 and 99.2.
ITEM 7. EXHIBITS.
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99.1 Press release dated November 17, 1998 by the Registrant.
99.2 Press release dated November 17, 1998 by Waste Management, Inc.
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SIGNATURE
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Pursuant to the requirements of the Securities and Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Eastern Environmental Services, Inc.
Date: November 18, 1998 By: /s/ Gregory M. Krzemien
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Gregory M. Krzemien
Chief Financial Officer and Treasurer
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EXHIBIT INDEX
EXHIBIT
NO. DESCRIPTION
- ------- -----------
99.1 Press release dated November 17, 1998 by the Registrant.
99.2 Press release dated November 17, 1998 by Waste Management, Inc.
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EXHIBIT 99.1
[LETTERHEAD OF EASTERN ENVIRONMENTAL SERVICES, INC.]
MEDIA RELEASE
For Immediate Release
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Contact: John W. Poling
(609) 235-6009
DEPARTMENT OF JUSTICE TO FILE COMPLAINT TO ENJOIN
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EASTERN ENVIRONMENTAL SERVICES, INC. AND WASTE MANAGEMENT, INC. MERGER; HOWEVER,
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EASTERN REMAINS OPTIMISTIC DEAL CAN BE COMPLETED
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Mt. Laurel, NJ November 17, 1998 - Eastern Environmental Services, Inc.
("Eastern") (NASDAQ: EESI) announces that the Department of Justice informed
Eastern last evening that a complaint will be filed in the Eastern District
Court of New York against Waste Management, Inc. and Eastern to enjoin their
previously announced merger. The Department of Justice advised Eastern that
the complaint will address a number of markets in which Eastern and Waste
Management have operations. Based on discussions between the parties, Eastern
believes that there are tentative agreements for many of the market conflicts.
Eastern is optimistic that the remaining market conflicts can be resolved by
agreement or by a swift court decision.
Eastern Environmental Services, Inc. is a fully integrated non-hazardous solid
waste management company specializing in the collection, transportation and
disposal of residential, industrial, commercial and special waste, principally
in the eastern United States.
Certain statements included in this release contain forward looking concepts
that involve risks and uncertainties. These risks and uncertainties, which
may cause actual results to differ materially from our expected results, are
described in detail in Eastern's reports filed with the Securities and
Exchange Commission.
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EXHIBIT 99.2
[LETTERHEAD OF WASTE MANAGEMENT, INC.]
FOR IMMEDIATE RELEASE
For Further Information:
Waste Management, Inc.
Cherie Rice
(713) 512-6548
WMI #98-17
WASTE MANAGEMENT REAFFIRMS COMMITMENT TO EASTERN
ENVIRONMENTAL MERGER
HOUSTON, TEXAS (November 17, 1998) In anticipation of the Department of
Justice filing suit in Federal District Court in New York City today objecting
to the proposed merger between Waste Management, Inc. (NYSE:WMI) and Eastern
Environmental Services, Inc. (NASDAQ: EESI), Waste Management reaffirmed the
Company's commitment to the previously announced merger. The Company commented
that while it is disappointed in the fact that the parties had not been able to
come to an agreement without involving the courts, it will continue to seek a
timely resolution with regulators.
"While we agreed on resolutions for the majority of the markets involved,
there remain a couple of markets for which the outcome is not settled," said
John E. Drury, Chief Executive Officer of Waste Management. Mr. Drury added, "We
remain confident in our position on the disputed markets, and ultimately expect
the merger to be consummated."
Waste Management, Inc., based in Houston, is the global leader in providing
waste management services. In North America the Company operates throughout the
United States, the District of Columbia, Canada, Puerto Rico, and Mexico serving
municipal, commercial, industrial and residential customers.
Certain statements provided in this release constitute forward-looking
statements that involve a number of risks and uncertainties. These risks and
uncertainties may cause actual results to differ materially from expected
results and are described in detail in the Securities and Exchange Commission
filings which have been made by Waste Management.
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