|
|
News Breaks | | | | December 28, 2012 | | 16:09 EDT |  | CLH | Clean Harbors completes acquisition of Safety-Kleen
Clean Harbors announced the completion of its acquisition of Safety-Kleen. Clean Harbors purchased Safety-Kleen in an all-cash transaction valued at approximately $1.25B, financed through the combination of $289M of existing cash, $370M in net proceeds from its recently completed follow-on offering of common stock and $591M in net proceeds from its recently completed Senior Notes offering. Based on the current operating and anticipated future performance of Safety-Kleen, Clean Harbors expects the acquisition will be immediately accretive, excluding one-time fees and acquisition-related expenses. For 2012, Safety-Kleen expects revenues of approximately $1.35B and adjusted EBITDA of approximately $160M. For 2013, Clean Harbors expects that on a combined basis with Safety-Kleen, it will have revenues in the range of $3.72B to $3.77B. The company expects its combined 2013 adjusted EBITDA to be in the range of $605M to $620M, including approximately $30M of acquisition-related synergies. These combined estimates include the previously announced stand-alone revenues for Clean Harbors in the range of $2.30B to $2.35B and adjusted EBITDA in the range of $425M to $435M. | |
|
News For CLH From The Last 14 Days Check below for free stories on CLH the last two weeks. |
|
|
| June 14, 2013 | | 07:52 EDT |  | CLH | Clean Harbors weakness creates buying opportunity, says Oppenheimer
 Subscribe for More Information | | | June 9, 2013 | | 16:44 EDT |  | CLH | Clean Harbors could rise 45%, Barron's says
Clean Harbors stock could jump over 45% if acquisitions lead earnings higher and the economy continues to improve, Barron's contends in a feature article. Reference Link | |
|
|
|
|
|
|
