PHOENIX, Oct. 29, 2015 /PRNewswire/ -- Republic
Services, Inc. (NYSE: RSG) announced today that its Board of
Directors has approved a $900 million
share repurchase authorization which extends through Dec. 31, 2017. This was added to the amount
remaining under the prior authorization, which was $67 million as of Sept.
30, 2015. At current prices, $967
million represents over 6 percent of the Company's
outstanding shares of stock.
"Our share repurchase program reflects our long-term commitment
to returning cash to our shareholders," said Donald W. Slager, president and chief executive
officer. "Since we reinstated our repurchase program in 2010, we
have consistently and efficiently returned over $1.7 billion to our shareholders through
repurchases and reduced our share count by approximately 14
percent."
The share repurchases may be made in the open market, in
privately negotiated transactions or a combination of both. The
timing and amounts of any repurchases will be at the discretion of
management and will depend on many factors, including the market
price of the common stock and overall market conditions.
About Republic Services
Republic Services, Inc. (NYSE: RSG) is an industry leader in
U.S. recycling and non-hazardous solid waste. Through its
subsidiaries, Republic's collection companies, recycling centers,
transfer stations and landfills focus on providing effective
solutions to make proper waste disposal effortless for their
commercial, industrial, municipal, residential and oilfield
customers. We'll handle it from
here.TM, the brand's tagline, lets customers
know they can count on Republic to provide a superior experience
while fostering a sustainable Blue PlanetTM for
future generations to enjoy a cleaner, safer and healthier
world.
For more information, visit the Republic Services website at
RepublicServices.com. "Like" Republic on Facebook at
www.facebook.com/RepublicServices and follow on Twitter
@RepublicService.
Logo -
http://photos.prnewswire.com/prnh/20131010/LA95963LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/republic-services-inc-authorizes-an-additional-900-million-for-share-repurchases-300168923.html
SOURCE Republic Services, Inc.