US Ecology Stock Soars on Pact to Be Bought by Republic Services

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Updated Feb. 9, 2022 9:39 am ET / Original Feb. 9, 2022 9:16 am ET

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Shares of US Ecology were surging Wednesday after the environmental solutions company announced it was being acquired by Republic Services for $2.2 billion.

Republic Services (ticker: RSG), a provider of nonhazardous waste services, will pay US Ecology (ECOL) shareholders $48 a share in cash, including net debt of about $700 million.

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