Progressive Waste Solutions Ltd., in response to the recent trading activity in the Company’s common shares, announces that the Company’s Board of Directors has commenced a review of strategic alternatives with the objective of enhancing shareholder value. A committee of the Company’s Board of Directors has been established to oversee the review of strategic alternatives. The Company has retained J.P. Morgan Securities LLC as its financial advisor.
The Company is aware of press reports speculating about the process. The Company cautions investors not to rely on these press reports, as there can be no assurance that the review of strategic alternatives will result in any change in the Company’s business strategy or in the consummation of any agreement or transaction, and if one does occur, what the economic and other terms and conditions of any transaction might be. The Company does not intend to make any further public comments regarding this matter prior to the completion of the review of strategic alternatives.
For more information, visit www.progressivewaste.com.