Trash Giant Dumps Citi For Merger Financing

Waste management company Republic Services chose Bank of America and JPMorgan to co-lead financing for its merger with Allied Waste Industries, even though the company's existing facility is led by B of A and Citigroup. Ed Lang, v.p. and treasurer of Fort Lauderdale, Fla.-based Republic, said the company left Citi because of "their situation" and chose B of A and JPMorgan because of their strong track records and long-term relationships with the company.