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SMALL BUSINESS
Waste Connections Increases Stock Repurchase Program
Market Wire
FOLSOM, CA -- (Marketwire) -- 10/26/09 -- Waste Connections, Inc. (NYSE: WCN) today
announced that its Board of Directors has authorized a $300 million
increase to its ongoing common stock repurchase program, increasing the
total authorized amount the Company may repurchase from $500 million to
$800 million. The Board also extended the program's term through December
31, 2012. Prior to this increase, and as of September 30, 2009, the
remaining maximum dollar value of shares available for repurchase under the
program was approximately $40 million. Stock repurchases may be made in
the open market or in privately negotiated transactions from time to time
at management's discretion. The timing and amounts of any repurchases will
depend on many factors, including the Company's capital structure, the
market price of the common stock and overall market conditions.
Waste Connections, Inc. is an integrated solid waste services company that
provides solid waste collection, transfer, disposal and recycling services
in mostly secondary markets in the Western and Southern U.S. The Company
serves approximately two million residential, commercial and industrial
customers from a network of operations in 26 states. The Company also
provides intermodal services for the movement of containers in the Pacific
Northwest. Waste Connections, Inc. was founded in September 1997 and is
headquartered in Folsom, California.
For more information, visit the Waste Connections web site at
Certain statements contained in this press release are forward-looking in
nature, including statements related to the amount, timing and method of
any stock repurchases under the stock repurchase program. Waste
Connections' business and operations are subject to a variety of risks and
uncertainties and, consequently, actual results may differ materially from
those projected by any forward-looking statements. These risks and
uncertainties, as well as others, are discussed in greater detail in Waste
Connections' filings with the Securities and Exchange Commission, including
its most recent Annual Report on Form 10-K. There may be additional risks
of which Waste Connections is not presently aware or that it currently
believes are immaterial which could have an adverse impact on its
business. Waste Connections makes no commitment to revise or update any
forward-looking statements in order to reflect events or circumstances that
may change.
CONTACT:
Waste Connections, Inc.
Worthing Jackman
(916) 608-8266
Waste Connections, Inc.
Worthing Jackman
(916) 608-8266
MARKET WIRE
2009-10-26 16:12:06
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