Waste Connections to buy R360 Environmental Solutions for $1.3 billion

Reuters News

9/17/2012 7:52:36 AM - Reuters News

(Reuters) - Waste Connections Inc said it would acquire R360 Environmental Solutions Inc, a provider of non-hazardous oilfield waste treatment for about $1.3 billion in cash.

Waste Connections, that provides solid waste collection, transfer, disposal and recycling services, expects the deal to be accretive to free cash flow margins.

(Reporting by Kartick Jagtap in Bangalore; Editing by Akshay Lodaya)