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Law Firm Of Bull & Lifshitz, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By The Board Of WCA Waste Corporation In Connection With The Sale Of The Company To Macquarie Infrastructure Partners II
Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed sale of WCA Waste Corporation (Nasdaq:
WCAA) (referred to as "WCA" or the “Company”) to Macquarie Infrastructure Partners II (“MIP II”), in a cash transaction valued at approximately $526 million.
Under the terms of the agreement, MIP II will acquire all of the outstanding common stock of WCA for $6.50 per share in cash, redeem all Series A preferred stock and either partially or completely refinance WCA's existing credit facilities.