OTHER NEWS - May 23, 1995
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Republic Waste Gets Injection of Capital: Former Blockbuster Entertainment chief H. Wayne Huizenga and other investors will inject up to $126 million in the Atlanta waste-removal and recycling company, the firm said. The amount includes $91.5 million from an investor group led by Huizenga, an additional $21.9 million from Republic Chief Executive Michael DeGroote and about $13 million from Harris Hudson, Huizenga’s brother-in-law. The news sent Republic Waste Industries Inc.’s stock soaring $3.50 to $7.375 on the Nasdaq on heavy trading of more than 4.7 million shares. last year.
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