According to the U.S.-based Waste Business Journal (www.wastebusinessjournal.com), Republic Services said that it is in talks to acquire its much larger rival Allied Waste Industries in an all stock transaction worth about $6.77 billion. Both companies confirmed the talks in a mutual press release. A merger between the number two ranked Allied and number three ranked Republic would create a formidable competitor (with $9.3 billion in combined revenues) to number one ranked Waste Management which had revenues of $13.4 billion last year. Allied’s roughly 22,000 employees operate a network of 300 collection companies, 164 transfer stations, 169 active landfills and 53 recycling facilities in 37 states and Puerto Rico. Republic employs about 13,000 and operates about 135 hauling companies in 21 states where it also has 93 transfer stations, 59 solid-waste landfills and 33 recycling facilities. Together the companies would own 228 landfills and 257 transfer stations and 86 recycling facilities.