Heckmann Corporation (NYSE: HEK)
(“Heckmann”) today announced that it has commenced mailing the Proxy Statement for the Special Meeting of Heckmann’s Stockholders for the purpose of approving the issuance of shares by Heckmann in connection with the previously announced merger of Badlands Energy, LLC, doing business as Power Fuels, with and into a subsidiary of Heckmann.
The special meeting will be held on November 9, 2012, at 9:00 a.m., local time, at Heckmann’s offices located at 8925 E. Pima Center Parkway, Scottsdale, Arizona 85258. Heckmann Stockholders of record as of the close of business on October 8, 2012, will be permitted to vote at the Special Meeting and any adjournment or postponement thereof. Assuming receipt of Stockholder approval of the share issuance at the special meeting, which approval is required under NYSE listing standards, Heckmann expects that the merger will close by the end of November 2012.
Heckmann also announced today that the United States Department of Justice and the United States Federal Trade Commission have granted Heckmann’s and Power Fuels’ requests for early termination of the waiting period under the United States Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. As a result of the grant of early termination, all antitrust clearances required to complete the proposed merger have been obtained.
About Heckmann Corporation
Heckmann Corporation (NYSE:HEK) is an environmental services company. Heckmann is dedicated to the movement, treatment and disposal of water generated by energy companies involved in the discovery and production of oil, natural gas liquids and natural gas. Heckmann is also a one-stop-shop for collection and recycling services for oily waste products, including used motor oil, oily wastewater, spent antifreeze, used oil filters and parts washers. Heckmann is building a national footprint across its environmental service offerings and has more than 1,500 employees and operates in 52 locations in the United States.