Davis Malm Client Clean Harbors Closes Follow-On Public Offering of Common Stock

May 08, 2008 - Boston, MA
For more information contact: Joanne Thorud
(617) 589-3894; jthorud@davismalm.com

On Tuesday, April 29, Davis Malm client Clean Harbors, Inc., the leading provider of environmental and hazardous waste services throughout North America, closed on its follow-on public offering of 2,875,000 shares of its common stock at a public offering price of $63.75 per share. After underwriting discounts and expenses, Clean Harbors received net proceeds of $173.5 million. The market value of Clean Harbors’ total outstanding common stock is now in excess of $1.5 billion. Davis Malm attorneys Michael Malm and John Chambliss represented Clean Harbors in the transaction. The underwriters for the transaction were Goldman, Sachs & Co, CreditSuisse, Merrill Lynch & Co., RBC Capital Markets, Needham & Company, LLC, and Wedbush Morgan Securities.

About Davis, Malm & D'Agostine, P.C.
Founded in 1979, Davis Malm is a premier mid-sized, full-service New England firm. The firm provides sophisticated, cost-effective legal representation to local, national, and international public and private businesses, institutions, and individuals in a wide spectrum of industries. The attorneys at the firm practice at the top level of the profession and deliver successful results to clients through direct partner involvement, responsive client service, and practical and creative problem solving.