Waste Industries shareholders to decide May 8 if company will be taken private

By Lisa Kerner

Charlotte, N.C., April 3 - Waste Industries USA, Inc. said it will ask shareholders to approve the company's acquisition by an investor group led by company founder and chairman Lonnie C. Poole Jr. and president and chief executive officer Jim W. Perry at a special meeting on May 8 at 5 p.m. ET.

It was previously reported on Dec. 17 that Waste Industries agreed to be acquired by Marlin HoldCo LP and its subsidiary Marlin MergeCo Inc. for $38.00 cash per share in a going-private transaction valued at approximately $544 million.

The investor group first made its offer to acquire Waste Industries in October for $36.75 per share, a prior news release said.

The solid waste services company will continue to operate under its original name and maintain its Raleigh, N.C., headquarters.

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