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Posted AT 9:23 AM EST on 11/11/09

Garbage sector heats up

Globe and Mail Update with Canadian Press

Toronto-based IESI-BFC Ltd. said Wednesday it plans to buy rival Waste Services Inc. of Burlington, Ont., creating what the companies say will be North America's third-largest solid waste management company.The purchase values Waste Services at about $370-million based on Tuesday closing stock prices, the companies said in a joint release Wednesday.

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