Republic Services and Allied Waste Stockholders Approve Merger

  
    
  
  
    
      Republic Services, Inc. (NYSE: RSG) and Allied Waste Industries, Inc. 
      (NYSE: AW) today announced that their respective stockholders have 
      approved the proposed merger of Republic and Allied at separate special 
      meetings held in Fort Lauderdale, Florida and Scottsdale, Arizona.
    
    
      Preliminary results indicate that more than 95% of shares voted at each 
      meeting – or more than 80% of total shares 
      outstanding at each company – were cast in 
      favor of the respective proposals related to the merger. The companies 
      expect to complete the merger by the end of the year, subject to the 
      receipt of antitrust regulatory approval from the U.S. Department of 
      Justice.
    
    
      “We are pleased by the overwhelming support of 
      this historic transaction from stockholders of both companies,” 
      said Jim O’Connor, Chairman and Chief 
      Executive Officer of Republic Services. “We 
      are positioned for greater success together as a strong leader in the 
      U.S. environmental services industry. This merger will bring together 
      our complementary cultures and our shared commitment for superior 
      customer service, while creating compelling strategic and financial 
      benefits for our stockholders.”
    
    
      “Our integration teams have spent the past two 
      months analyzing the critical functions and processes of both companies 
      to identify the actions needed for a seamless integration beginning Day 
      One and for capturing the synergies inherent in this combination,” 
      said Don Slager, President and Chief Operating Officer of Allied. “With 
      today’s stockholder approval, we are one step 
      closer to realizing the value of this transaction for employees, 
      customers and investors.”
    
    
      Upon completion of the merger, the combined company, which will be 
      called Republic Services, will be a leading national environmental 
      services provider, with expected pro forma revenues of $9 billion. 
      Following the completion of the merger, Allied will be a wholly owned 
      subsidiary of Republic with Allied stockholders receiving approximately 
      51.7% of the outstanding common stock of the combined company in respect 
      of their Allied shares and Republic stockholders retaining approximately 
      48.3% of the outstanding common stock of the combined company, in each 
      case, on a diluted basis. The companies are highly confident that they 
      will meet the projected $150 million of annual pre-tax merger synergies 
      by the third year following completion of the transaction.
    
    
      About Republic Services, Inc.
    
    
      Republic Services, Inc. is a leading provider of environmental services 
      including solid waste collection, transfer and disposal services in the 
      United States. The company’s operating units 
      are focused on providing solid waste services for commercial, 
      industrial, municipal and residential customers.
    
    
      About Allied Waste Industries, Inc.
    
    
      Allied Waste is America's second largest non-hazardous solid waste 
      services company and an environmental leader. Headquartered in Phoenix, 
      AZ, Allied Waste provides waste collection, transfer, recycling and 
      disposal services to millions of residential, commercial and industrial 
      customers in over 100 major markets spanning 38 states and Puerto Rico. 
      Allied's team of more than 22,000 dedicated employees operates within a 
      highly efficient, integrated organization that generated 2007 revenue of 
      $6.1 billion.
    
    
      Information Regarding Forward-Looking Statements
    
    
      Certain statements and information included herein constitute “forward-looking 
      statements” within the meaning of the Federal 
      Private Securities Litigation Reform Act of 1995. These forward-looking 
      statements are identified by words such as “will,” 
      “expects,” “intends,” 
      and similar words. Any such forward-looking statements contained herein 
      are based on current expectations, but are subject to a number of risks, 
      uncertainties, and other factors that may cause actual results to differ 
      materially from expectations expressed in such forward-looking 
      statements, many of which are beyond the control of Republic and Allied. 
      Such risks, uncertainties and other factors include: the effect of 
      changes in general economic conditions, the risk that a condition to 
      funding under Republic's the new credit facility may not be satisfied, 
      the risk that a regulatory approval that may be required for the merger 
      is not obtained or is obtained subject to conditions that are not 
      anticipated and other risks to consummation of the merger, and the risk 
      that the merger, if completed, may not generate synergies or create 
      long-term value for stockholders as expected. Stockholders, potential 
      investors and other readers are urged to consider these factors 
      carefully in evaluating our forward-looking statements and are cautioned 
      not to place undue reliance on forward-looking statements. Risk factors 
      are discussed in the documents respectively filed with the SEC by 
      Republic and Allied, including the definitive proxy statement/prospectus 
      related to the merger. The forward-looking statements made herein are 
      only made as of the date of this press release and the parties hereto 
      undertake no obligation to publicly update these forward-looking 
      statements to reflect subsequent events or circumstances.