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Clean Harbors Announces 10-Day Appeal Period for U.S. Bankruptcy Court Approval Has Expired Without Contest.


Business Editors

Sale Order Awarding Safety-Kleen's Chemical Services Division to

Clean Harbors is Final

Clean Harbors, Inc. (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
: CLHB CLHB Cardiff Local Health Board (UK) ), a leading provider of environmental services The various combinations of scientific, technical, and advisory activities (including modification processes, i.e., the influence of manmade and natural factors) required to acquire, produce, and supply information on the past, present, and future states of space, atmospheric,  throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  and Puerto Rico, today announced that the 10-day appeal period following the U.S. Bankruptcy Court's June 18 approval of the sale of Safety-Kleen's Chemical Services Division to Clean Harbors expired without contest on Friday. The Court's June 18 sale order thus became final on June 28. The transaction is expected to close in the third quarter of 2002.

The purchase of the Chemical Services Division will make Clean Harbors the largest operator of hazardous waste Hazardous waste

Any solid, liquid, or gaseous waste materials that, if improperly managed or disposed of, may pose substantial hazards to human health and the environment. Every industrial country in the world has had problems with managing hazardous wastes.
 facilities in North America, including a significant presence in Canada. The combined company is expected to have annualized annualized

Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared.
 revenue of approximately $750 million, approximately 4,400 employees and 38,000 customers including a vast majority of the Fortune 500.

About Clean Harbors, Inc.

Clean Harbors, Inc. through its subsidiaries provides a wide range of environmental and waste management services to a diversified customer base including a majority of the Fortune 500 companies, thousands of smaller private entities and numerous governmental agencies. Within its national footprint, the Company currently has service and sales offices located in 26 states and Puerto Rico, and operates 11 waste management facilities strategically located throughout the country. For more information, visit our Website at www.cleanharbors.com.
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Publication:Business Wire
Geographic Code:1USA
Date:Jul 1, 2002
Words:226
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