Exhibit 99.1
For Further Information:
Waste Management, Inc.
Analysts: Greg Nikkel 713.265.1358
Media: Lynn Brown 713.394.5093
Web site: http://www.wm.com
Joele Frank, Wilkinson Brimmer Katcher
Ed Trissel / Jamie Moser 212.355.4449
WMI #08-12
Waste Management Announces Hart-Scott-Rodino Filing
for Intended Acquisition of Republic Services Shares
HOUSTON July 24, 2008 Waste Management, Inc. (NYSE: WMI) announced that today it is filing a
Notification and Report Form under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976
relating to purchases of shares of Republic Services, Inc. This filing also will initiate the
United States Department of Justices expected antitrust review of Waste Managements proposed
merger transaction with Republic and start the applicable HSR waiting period. Concurrent with the
filing, Waste Management is notifying certain states Attorneys General of Waste Managements HSR
filing and intent to purchase Republics shares. The notifications are being made in accordance
with Waste Managements September 20, 1999 consent decree and other agreements with the United
States Department of Justice and the states Attorneys General.
About Waste Management
Waste Management, Inc., based in Houston, Texas, is the leading provider of comprehensive waste
management services in North America. Through its subsidiaries, the Company provides collection,
transfer, recycling and resource recovery, and disposal services. It is also a leading developer,
operator and owner of waste-to-energy and landfill gas-to-energy facilities in the United States.
The Companys customers include residential, commercial, industrial, and municipal customers
throughout North America.
Forward-Looking Statements
This press release contains forward-looking statements regarding, among other things, the proposed
acquisition of Republic by Waste Management and the intended purchases of Republic shares by Waste
Management. Statements made in the future tense, and statements using words such as intends,
estimates, expects, projects, plans, anticipates, and believes, and similar expressions
are intended to identify forward-looking statements. Forward-looking statements are not a guarantee
of performance and are subject to a number of risks and uncertainties, many of which are difficult
to predict and are beyond the control of Waste Management. These risks and uncertainties could
cause actual results to differ materially from those expressed in or implied by the forward-looking
statements, and therefore should be carefully considered. Relevant risks and uncertainties relating
to the proposed transaction and intended purchases of Republic shares by Waste Management include,
but are not limited to: the risk that required regulatory review and approval may not be obtained
in a timely manner, if at all; Republics directors and stockholders may not approve the proposed
transaction; the anticipated benefits and synergies of the proposed transaction may not be
realized; the integration of Republics operations with Waste Management could be materially
delayed or may be more costly or difficult than expected; financing may not be available or may not
be available on satisfactory terms; the reaction of the credit markets (including rating agencies)
to the proposed transaction and expected refinancings may not be as anticipated; the proposed
transaction may not be consummated; and legal proceedings may be commenced against Waste
Management. For a description of relevant risks and uncertainties generally applicable to Waste
Management, please see Waste Managements filings with the Securities and Exchange Commission,
which are available on Waste Managements website or at www.sec.gov. In providing forward-looking
statements, Waste Management does not intend, and is not undertaking any duty or obligation, to
update these statements as a result of new information, future events or otherwise.