|Republic Services announces stock split
Republic Services, Inc. announced that its board of directors has approved a 3-for-2 stock split effective on March 16, 2007, to stockholders of record as of March 5, 2007.
As a result of the 3-for-2 stock split, 1 additional common share will be issued on March 16, 2007 for every 2 common shares held by shareholders of record as of the close of business on March 5, 2007.
Republic Services' stock will begin trading at the split-adjusted price on March 19, 2007. Fractional share amounts will be paid in cash based on the closing market price on the record date. The split is Republic Services' first since becoming a publicly traded company in 1998, and will increase the total number of shares of common stock outstanding from approximately 130 million to 195 million shares.