Kendall Law Group Investigates Waste Services, Inc. on Behalf of Shareholders

Kendall Law Group, founded by a former federal judge, is investigating the proposed acquisition of Waste Services, Inc. (NASDAQ: WSII) by IESI-BFC Ltd. The firm’s investigation concerns whether the consideration to be paid to shareholders in this transaction is unfair and substantially below the fair or inherent value of the company. Also, the investigation will focus on whether the WSII Board of Directors may have breached their fiduciary duties by not adequately shopping the Company before entering into the transaction, therefore disregarding the shareholders' interests.

On November 10, 2009, the companies announced that the board of directors for both companies had approved the definitive merger agreement. The transaction is valued at approximately $370 million and is expected to close during the first calendar quarter of 2010. According to the agreement, shareholders will receive 0.5833 of IESI share per Waste Services share owned. Based on the closing price of IESI on the day before the announcement, this offer values WSII shares at approximately $7.76 per share. This represents less than a 7% premium over the $7.24 closing price of Waste Services just prior to the announcement.

If you are a current holder of WSII and would like additional information concerning this proposed transaction, including your rights, contact Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com. Kendall Law Group has substantial experience representing investors in mergers and acquisitions nationwide. Lawyers at the firm include a former United States Attorney, federal judicial law clerk, a former state and federal judge, in addition to experienced securities lawyers.

Waste Services (MM) (NASDAQ:WSII)
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