American Ecology announces decision on EQ-The Environmental Quality Company.HOUSTON--(BUSINESS WIRE)--November 28, 1994--American Ecology Corporation (AEC) (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ECOL ECOL es.comp.os.linux.* (newsgroups) ECOL Emmanuel Church of Lakewood (San Francisco, CA) ) and EQ today jointly announced that they have terminated discussions regarding the AEC purchase of EQ-The Environmental Quality Company, a group of privately owned environmental services companies based in Ypsilanti, Michigan. The announcement of the letter of intent for the proposed acquisition was made on September 13, 1994. "After due diligence and negotiations, the parties could not reach a mutually satisfactory agreement," said Cliff Wright, chief financial officer of American Ecology. "American Ecology will continue to enhance internal growth and pursue additional expansion opportunities," Wright added. American Ecology operates a chemical waste disposal facility in Nevada and two in Texas. The Company also operates a low-level radioactive waste Noun 1. low-level radioactive waste - (medicine) radioactive waste consisting of objects that have been briefly exposed to radioactivity (as in certain medical tests) (LLRW) disposal facility in Washington, has received a license approval for a similar facility in California, has a license application pending for a LLRW disposal facility in Nebraska, and operates a LLRW processing facility in Tennessee. Services provided by the Company include waste packaging, transportation, consulting, pretreatment pretreatment, n the protocols required before beginning therapy, usually of a diagnostic nature; before treatment. pretreatment estimate, n See predetermination. , disposal, fuels blending, recycling, and clean-up services. The Company's common stock trades on the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol ECOL. CONTACT: American Ecology Corporation, Houston C. Clifford Wright, Jr., 713/624-1900 |
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