Getting your player ready...
HOUSTON — Waste Management Inc., the nation’s largest garbage hauler, on Monday withdrew its $6.73 billion bid to acquire smaller rival Republic Services, saying the move wouldn’t be prudent given current financial market turmoil.
The announcement ends a three-month takeover struggle that began in July when Houston-based Waste Management first offered to buy rival Republic Services Inc., the nation’s No. 3 trash hauler, and continued when Waste Management sweetened its takeover bid in August.
