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SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES
EXCHANGE ACT OF 1934
(AMENDMENT NO. )
Filed by the registrant [ ]
Filed by a party other than the registrant [X]
Check the appropriate box:
[ ] Preliminary proxy statement [ ] Confidential, for Use of the
Commission Only (as permitted by
Rule 14a-6(e)(2))
[ ] Definitive proxy statement
[X] Definitive additional materials
[ ] Soliciting material pursuant to Rule 14a-11(c) or Rule 14a-12
SAFETY-KLEEN CORP.
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(Name of Registrant as Specified in Its Charter)
LAIDLAW ENVIRONMENTAL SERVICES, INC.
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(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of filing fee (Check the appropriate box):
[X] No fee required.
[ ] Fee computed on table below per Exchange Act Rules 14a-6(a)(1) and
0-11.
(1) Title of each class of securities to which transaction applies:
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(2) Aggregate number of securities to which transaction applies:
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(3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee
is calculated and state how it was determined):
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(4) Proposed maximum aggregate value of transaction:
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(5) Total fee paid:
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[ ] Fee paid previously with preliminary materials.
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[ ] Check box if any part of the fee is offset as provided by Exchange Act
Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid
previously. Identify the previous filing by registration statement number, or
the form or schedule and the date of its filing.
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(2) Form, schedule or registration statement no.:
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(4) Date filed:
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LAIDLAW ENVIRONMENTAL ANNOUNCES EXCHANGE RATIO
COLUMBIA, SOUTH CAROLINA...FEBRUARY 23, 1998. Laidlaw Environmental Services,
Inc. (NYSE:LLE) today announced that the exchange ratio for purposes of its
offer for Safety-Kleen Corp. (NYSE:SK), which is currently scheduled to expire
at 12:00 Midnight, New York City time, on February 26, 1998, will be 2.8 LLE
common shares for each SK common share validly tendered and not withdrawn, in
addition to the $18.00 per SK common share SK shareholders will be entitled to
receive in cash.
Commenting on the announcement, Mr. Kenneth W. Winger, president and chief
executive officer, said:
"We urge all Safety-Kleen shareholders to vote against the Philip
Group merger proposal on February 25, 1998, and participate in the
creation of value for all continuing LLE shareholders that we
believe will result from the combination of LLE and SK. LLE is
committed to pursuing its offer to SK shareholders, and will seek
injunctive relief in Chicago Federal Court should SK shareholders
reject the Philip Group merger proposal and the SK Board fail to
remove the remaining obstacles."
Laidlaw Environmental Services is the leading provider of hazardous and
industrial waste management services to industry and government. The company
operates from more than 100 locations throughout North America.
SOURCE Laidlaw Environmental Services, Inc.
CONTACT: Kenneth W. Winger, President and Chief Executive Officer, or Paul R.
Humphreys, Senior Vice President, Finance and Chief Financial Officer, Laidlaw
Environmental Services, Inc., 803-933-4210
