A Slick Move by Clean Harbors
It's not all hurricane all the time. I'm looking at this Clean Harbors (CLH) deal to buy Safety-Kleen, and I am convinced this is a good one for Clean Harbor. It's the same reason so many takeouts are good for the acquirers: They add secular growth to what are viewed as cyclical businesses.
Until Clean Harbors bought Safety-Kleen for $1.25 billion Monday, people had been leaving the stock. They had come to believe it wasn't leveraged to clean up and to waste disposal, and that it had instead become a rig-count play, since a great deal of business had been developed in the oil patch....113 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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