Law Office of Brodsky & Smith, LLC Announces Investigation on Behalf of Shareholders of Waste Services, Inc.
13 Novembre 2009 - 10:50PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Waste Services, Inc. (“Waste Services” or the “Company”)
(Nasdaq:WSII) relating to the proposed merger with IESI-BFC Ltd.
(“IESI-BFC”).
Under the proposed agreement, Waste Services shareholders will
receive 0.5833 shares of IESI-BFC stock for each share of Waste
Services they own. The investigation concerns possible breaches of
fiduciary duty and other violations of state law related to the
Waste Services Board’s approval of the proposed acquisition. The
proposed merger may under value Waste Services, which has initiated
a vertical integration strategy centered on the JED landfill, one
of the most valuable solid waste assets in Florida. This has
resulted in the Company’s steady improvements in Florida and an
adjusted EBITDA margin of 27.2% in the third quarter ended
September 30, 2009.
If you own shares of Waste Services and wish to discuss the
legal ramifications of the proposed acquisition, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or
Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza,
Suite 602, Bala Cynwyd, PA 19004, by e-mail at
clients@brodsky-smith.com, or by calling toll free
877-LEGAL-90.
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