Safety-Kleen HoldCo. has submitted its IPO filing with the SEC today. The filing shows a maximum proposed offering price of $300 million, although this number is for filing purposes only.
The company has applied to trade on the New York Stock Exchange under the ticker “SK.” Underwriters for the transaction are listed as Merrill Lynch and JPMorgan. An affiliate of JPMorgan will also be selling shares in the IPO.
Safety-Kleen is a leading provider of comprehensive environmental solutions such as providing used oil collection, re-refining and recycling, and parts cleaning services, containerized waste services, and vacuum services in North America. They have been in business for over 40 years and operate 75% of the re-refining capacity of used oil in North America. They are a market leader in their businesses, have a strong brand name, and recurring revenue stream from a wide, diverse customer base. They served 33,000 customers in 2007, including 420 of the top Fortune 500 companies, generating revenue of $1.1 billion and a net income of $4.5 million.
You can join our open email distribution list to hear about other IPO’s, SPAC’s, secondary offerings, special financings, and other special situations.
Jon C. Ogg
May 1, 2008
Smart Investors Are Quietly Loading Up on These “Dividend Legends” (Sponsored)
If you want your portfolio to pay you cash like clockwork, it’s time to stop blindly following conventional wisdom like relying on Dividend Aristocrats. There’s a better option, and we want to show you. We’re offering a brand-new report on 2 stocks we believe offer the rare combination of a high dividend yield and significant stock appreciation upside. If you’re tired of feeling one step behind in this market, this free report is a must-read for you.
Click here to download your FREE copy of “2 Dividend Legends to Hold Forever” and start improving your portfolio today.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
