Republic Services, Inc. (NYSE: RSG) announced today that it completed its acquisition of all outstanding shares of US Ecology, Inc. (NASDAQ-GS: ECOL) on May 2, 2022. The previously announced purchase price of $48 per share in cash represents a total value of $2.2 billion including debt net of cash acquired. US Ecology stock will be delisted from the NASDAQ Global Select Market.
Inari Medical Inc. (NASD:NARI) will replace Tri Pointe Homes Inc. (NYSE:TPH) in the S&P MidCap 400, and Tri Pointe Homes will replace US Ecology Inc. (NASD:ECOL) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, May 3. S&P 500 constituent Republic Services Inc. (NYSE: RSG) is acquiring US Ecology in a transaction expected to close on or about May 2.
Republic Services, Inc. (NYSE: RSG) and US Ecology, Inc. (NASDAQ-GS: ECOL) announced today that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, which applies to the proposed acquisition by Republic Services of US Ecology, expired at 11:59 p.m. Eastern Time, on March 30, 2022. The transaction is expected to close during the second quarter, subject to approval by US Ecology's stockholders and satisfaction of the remaining conditions to closing.