Saturday, 3 November 2012

A new twist on a week of mergers - Phoenix Business Journal:

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I know it got real hot out therreal quick, but ... staying in Phoenix? I must be getting heat That's not normally the way it happensarounc here. , the nation's No. 2 garbagew hauler, is being acquired by a smaller competitor, , but the loss to Arizona will come in name The new company will call itself Republic, but will keep its headquartersw in Phoenix. The combined company will remaim No. 2 in the nation, closing the gap between it and WastdManagement Inc. It is expected to do more than $9 billio a year in revenue, with 36,000 employeese and 13 million customerzs in40 states.
Assumin g it clears all of the hurdles, Arizona will be left with an even strongert player on its rosterd of six Fortune500 heavyweights. And, given the momentuj of the green/sustainability movement, you can bet a company the size of Republic -- in an industry well-suited for environmental stewardship -- will be lookiny for ways to be a leade in that sector, which will only benefirt Arizona even more. Ah, but it' a dry heat.... ... HEAT IN THE , a locally grown pizza chain, is beingh acquired by an out-of-town company, too. The foundet and CEO says his operations won't changd even though it will be owned byof Florida, and that Oregano'ss will keep its headquarters in Scottsdale.
Wow, that'as two for two on the merge frontthis week, with both companies preserving their hometown ties. My only problemn with Oregano's reminds me of the Yogi Berra "No one goes there anymore, it'sa too crowded."... ... FOR A LOT OF no longer will bea family-owned business. It was boughtf this week, too, by out of Georgia. The pricre wasn't disclosed, but it likely was hefty. Holsum, one of Arizona's large r privately held businesses, also was one of its It's been in the Eisele family sinces 1884.... ... ON THE MOVE: Another headquarters move this week took a company outof Phoenix.
, whichy makes electronic payment systems, decided to relocate from its nortb Phoenix base all the way to its new addresein Scottsdale. Almost had you on that one, didn't I?... ... DON'T BE AFRAID TO LAUGH: What a week it was on the mergedr andmove front. As you wind throug another Arizona scorching summer in an economy that is leavinbg its share of burn remember to keep a sense of humor Perhaps it's worth remembering this last one from "It ain't the heat, it's the

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