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SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934
[Amendment No. __________]
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SAFETY-KLEEN CORP.
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(Name of Registrant as Specified in Its Charter)
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FOR IMMEDIATE RELEASE CONTACT: MAUREEN FISK
THURSDAY, JANUARY 15, 1998 847-468-2452
SAFETY-KLEEN RELEASES VOTING RESULTS
ELGIN, Ill. - January 15 - Safety-Kleen Corp. (SK-NYSE) today said results
show shareholders at a special meeting on January 9 approved a proposal under a
provision of Wisconsin law to permit Laidlaw Environmental Services to vote with
one vote per share all shares of Safety-Kleen stock held or acquired by Laidlaw
or its subsidiaries.
As reported by CT Corporation System, the inspectors of election, the
proposal received the votes of 64 percent of the total shares outstanding.
The Safety-Kleen Board did not take a position for or against the proposal
and did not solicit proxies. Laidlaw Environmental currently owns 1 percent of
Safety-Kleen shares.
The vote does not affect Safety-Kleen's shareholder rights plan nor does it
affect Safety-Kleen's definitive agreement to merge the Company with SK Parent
Corp., a new company formed by Philip Services Corp. and affiliates of Apollo
Management L.P. and Blackstone Management Partners III L.L.C. If approved,
Safety-Kleen shareholders will receive $27 all cash per share. The Safety-Kleen
Board of Directors has recommended that shareholders approve the merger at a
special shareholders meeting to be held on February 11, 1998.
Safety-Kleen is an environmental and industrial service company dedicated
to helping nearly 40,000 industrial and automotive businesses recycle and
process their waste streams.
