Waste Industries accepts $544 mln buyout offer

martedì 18 dicembre 2007 13:51

Dec 18 (Reuters) - Waste Industries USA Inc WWIN.O said it agreed to be taken private by an investor group, which includes members of its management team, Goldman Sachs (GS.N: Quotazione) and Macquarie Infrastructure Partners, for $38 a share.

The offer price represents a premium of about 28 percent to the stock's Monday closing price of $29.69.

The total equity value of the deal, including the investment to be made by the investor group, is about $544 million, the company said in a statement. (Reporting by Dhanya Skariachan in Bangalore; Editing by Deepak Kannan)