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Veolia to Acquire Certain Allied Waste Assets

Veolia ES Solid Waste, Inc. has signed an agreement with Allied Waste Industries to acquire certain of Allied’s integrated solid waste landfill and collection assets in the east-central and southeastern United States. The assets include a collection company and landfill near Claypool, Indiana; collection operations and two landfills in eastern Kentucky; a solid waste collection company and landfill in Wayne County, Illinois; and four solid waste collection companies, two transfer stations and a landfill in west-central Georgia. These operations are expected to generate approximately $54 million in revenue in 2007. Completion of the acquisition is subject to final regulatory approvals and other customary closing conditions. “These operations will provide Veolia with four new, vertically integrated service platforms that will further expand the company’s presence in southern Illinois, and establish our presence in northern Indiana, eastern Kentucky and west-central Georgia. The five landfills contain an aggregate of nearly 70 million cubic yards of permitted landfill airspace,” said Richard Burke, President and COO of Veolia ES Solid Waste, Inc. Mr. Burke added that this acquisition “further advances Veolia’s commitment to the active pursuit of acquisitions that expand our vertically integrated solid waste operations throughout North America, thereby enabling us to extend the […]

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American Superconductor Reports Q2 Results

American Superconductor Corporation (NASDAQ: AMSC) has reported financial results for its fiscal first quarter ended June 30, 2007. Revenues for the first quarter (ended June 30, 2007) of fiscal 2007 (ending March 31, 2008) were $19.8 million, a 41 percent increase from $14.0 million in revenues for the first quarter of fiscal 2006. The company’s net loss for the first quarter of fiscal 2007, which included a number of unusual items, was $9.7 million, or $0.27 per share. The unusual items in this figure included approximately $2.9 million, or $0.08 per share, in charges primarily related to a higher mark to market valuation adjustment on an outstanding warrant required by increases in the company’s stock price, restructuring and impairment charges in the company’s AMSC Superconductors business unit, and the write off of a SuperVAR® synchronous condenser the company had planned to ship to a customer. The net loss also includes $1.2 million of amortization of acquisition-related intangibles that were not included in the prior-year quarter’s net loss. The company’s net loss for the prior-year quarter was $6.7 million, or $0.20 per share. Earnings before interest, taxes, other income and expense, depreciation, amortization and stock-based compensation (EBITDAS) was a loss of […]

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Micro Hydro Makes Small-Town Comeback

URL: http://www.timesargus.com/apps/pbcs.dll/article?AID=/20070805/NEWS01/708050364 Website: http://www.timesargus.com/apps/pbcs.dll/article?AID=/20070805/NEWS01/708050364     

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