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December 3, 2012
17:49 EDTCWSTCasella Waste announces sale of Maine energy recovery facility
Casella Waste Systems announced that it completed the sale of the property containing its Maine Energy Recovery facility to the city of Biddeford, ME on November 30. As part of the transaction, Biddeford will pay the company total consideration of $6.65M over 21 years, enter into a new 10 year waste handling agreement, and enter into a new 10 year recycling collection agreement. At closing, the company conveyed to Biddeford the land and cellular leases related to antennae on the stack. The purchase and sale agreement allows for a post-sale transition period, where the company has the option to operate the facility for up to 6 months and the company has 12 months to dismantle all facilities on the property except for the stack that houses the cellular equipment. The company plans to cease operations at the facility by the end of its 3Q13, and at that time begin the process to dismantle the facility.
News For CWST From The Last 14 Days
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May 14, 2015
10:00 EDTCWSTOn The Fly: Analyst Upgrade Summary
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07:23 EDTCWSTCasella Waste upgraded at Raymond James
As previously reported, Raymond James upgraded Casella Waste to Outperform from Market Perform. The firm believes Casella is nearing a positive inflect point driven by tighter disposal capacity in New England, increased efficiencies, and potential to fill excess capacity in its New York disposal footprint following the New York City waste contract. Raymond James established a $7 price target.
07:06 EDTCWSTCasella Waste upgraded to Outperform from Market Perform at Raymond James
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