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 23, 1998
Allied Waste Industries, Inc.
(Exact name of registrant as specified in charter)
Delaware
(State or other jurisdiction of incorporation)
0-19285 88-0228636
(Commission File Number) (IRS Employer Identification No.)
15880 North Greenway-Hayden Loop, Suite 100
Scottsdale, Arizona 85260
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (602) 423-2946
Not Applicable
(Former name or former address, if changed since last report)
The accompanying notes are an integral part of these statements.
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Item 5. Other Events
On April 23, 1998, Allied Waste Industries, Inc. announced that it signed a
definitive merger agreement with the Rabanco Companies ("Rabanco"), a
Seattle-based company which provides solid waste collection, recycling,
transportation and disposal services in the Pacific Northwest. The transaction
will be accounted for using the pooling of interests method of business
combinations.
Rabanco generates approximately $175 million in revenue, making it the fourth
largest private solid waste company in the United States. Rabanco operates
approximately 160 collection routes, 3 transfer stations, an extensive
intermodal rail transportation system and a major regional landfill.
The completion of this transaction is expected to occur on or before May 31,
1998, and is subject to normal government and regulatory approvals.
Certain matters discussed in this report on Form 8-K are "forward-looking
statements" intended to qualify for the safe harbors from liability established
by the Private Securities Litigation Reform Act of 1995. These forward-looking
statements can generally be identified as such because the context of the
statement will include words such as the company "believes", "anticipates",
"expects" or words of similar import. Similarly, statements that describe the
company's future plans, objectives or goals are also forward looking statements.
Such forward- looking statements are subject to certain risks and uncertainties
which could cause actual results to differ materially from those currently
anticipated, including, without limitation, the ability of Allied to continue
its vertical integration business strategy in a successful manner, the ability
of Allied to successfully pursue an aggressive market development program,
including growth opportunities in the northwest, the ability of Allied to
successfully integrate the acquired operations, and whether and when the
transaction will be accretive to Allied's earnings. A description of such
forward-looking statements can be found in the company's periodic reports filed
with the Securities and Exchange Commission. Shareholders, potential investors
and other readers are urged to consider these factors carefully in evaluating
the forward-looking statements and are cautioned not to place undue reliance on
such forward-looking statements. The forward- looking statements made herein are
only made as of the date of this report and the company undertakes no obligation
to publicly update such forward-looking statements to reflect subsequent events
or circumstances.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange act of 1934,
the Registrant, Allied Waste Industries, Inc. has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
ALLIED WASTE INDUSTRIES, INC.
/s/ James S. Eng
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James S. Eng
Corporate Controller
DATE: May 18, 1998
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