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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: anializer who wrote (31175)	6/25/2008 10:37:09 AM
From: gcrispin	Read Replies (1) \| Respond to of 78702

Citi's analyst commented positively on the stock merger this morning. The investor presentation made a strong case for the merger and pointed out the differences from the previous leveraged buy-outs in the industry. Citi analyst says, "RSG Weakness Presents Opportunity " Since news of Republic Services and Allied Waste s merger agreement leaked a week ago Friday both stocks have reacted negatively, with RSG down roughly 8% and AW down 11%. With the formal announcement and greater color that came out yesterday on the follow-up conference call, we believe several investor concerns were addressed, and we remain confident that the transaction will create significant value over time. Thus, although we have seen some investor base churn that may continue over the short term, we remain buyers of RSG on current weakness and, consequently, of Allied."