Justice Department Requires Republic Services to Divest Assets to Proceed with Santek Acquisition Details Written by IVN
Washington, DC - The Department of Justice announced Wednesday that Republic Services Inc. (Republic) will be required to divest waste collection and disposal assets in five states in order to proceed with its acquisition of Santek Waste Services LLC (Santek). The department said that without the divestiture, the proposed acquisition would substantially lessen competition for small container commercial waste collection and municipal solid waste disposal services in six local markets across the southeastern United States.
The department’s Antitrust Division along with the Alabama Attorney General filed a civil antitrust lawsuit today in the U.S. District Court for the District of Columbia to block the proposed transaction. At the same time, the department filed a proposed settlement that, if approved by the court, would resolve
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