Well, here we are rambling about the politics of the mid-east and we all entirely miss this interesting piece of news:
biz.yahoo.com
Laidlaw Environmental Services Pursues Name and Ticker Symbol Change
COLUMBIA, S.C., June 22 /PRNewswire/ -- Laidlaw Environmental Services announced today that effective July 1, 1998, it will begin doing
business as (''d/b/a'') Safety-Kleen Corp. and that its stock will trade on the New York Stock Exchange under the name Safety-Kleen Corp. and
the ticker symbol (NYSE: SK - news). The formal name change requires shareholder approval which the Company will seek at its annual meeting
in November.
''The Safety-Kleen name has tremendous franchise value,'' said Kenneth W. Winger, President and Chief Executive Officer of the Company.
''Hundreds of thousands of customers throughout North America recognize the Safety-Kleen name and that is a recognition and visibility that
we want to build on,'' Winger added. The name change will also help to distinguish the Company from its former parent, Laidlaw Inc.
[NYSE:LDW - news], headquartered in Canada.
In the coming weeks, all Laidlaw Environmental facilities and fleet will undergo the name conversion. ''We hope to make the transition seamless
for our customers and stakeholders and to fully convey that we are one company going forward -- Safety-Kleen,'' Winger concluded.
The merger of Laidlaw Environmental Services d/b/a Safety-Kleen Corp. and Safety-Kleen has created the leading industrial waste service
company for both hazardous and non-hazardous waste streams. From collection through recycle and disposal, the combined company provides
comprehensive waste management services to over 350,000 industrial and automotive customers in North America.
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Looks like LLE is getting serious about the waste oil business.
Keeping my fingers crossed.
Regards,
Ron |
