Resource Recycling Technologies Inc – ‘SC 14D9’ on 3/23/95 re: Resource Recycling Technologies Inc – EX-99.10

As of:  Thursday, 3/23/95   ·   Accession #:  950131-95-695   ·   File #:  5-31651

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Tender-Offer Solicitation/Recommendation Statement   —   Schedule 14D-9
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 14D9     Tender-Offer Solicitation/Recommendation Statement    26    131K 
 2: EX-99.1     Agree & Plan of Merge                                 37    145K 
11: EX-99.10    News Release                                           2±     9K 
 3: EX-99.2     Agree & Allen & Co.                                    5     22K 
 4: EX-99.3     Agree Paul Gould                                       5     23K 
 5: EX-99.4     Agree Andrew Dwyer                                     6     23K 
 6: EX-99.5     Employment Agreement                                   4     17K 
 7: EX-99.6     Press Release                                          2±     9K 
 8: EX-99.7     Letter to Stockholders                                 1      7K 
 9: EX-99.8     Opinion of Allen & Co.                                 4     15K 
10: EX-99.9     Opinion of Gilford SEC.                                3     14K 

EX-99.10   —   News Release

EX-99.10
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                                                                      EXHIBIT 10

WASTE MANAGEMENT, INC.
3003 Butterfield Road 
Oak Brook, Illinois 60521 
(708) 572-8800

for further information contact:                                                

Analyst Contact:          Media Contact:           RRT Contact:                 
Bruce Tobecksen           Chris Combs              Lawrence J. Schorr           
708-572-8968              708-572-3074             607-798-7137, ext. 223       

WMX TECHNOLOGIES' WASTE MANAGEMENT UNIT COMMENCES                 
TENDER OFFER FOR RESOURCE RECYCLING TECHNOLOGIES, INC.            

  Oak Brook, Illinois, and Vestal, New York, March 23, 1995 -- Waste Management,
Inc., the North American solid waste services unit of WMX Technologies, Inc.,   
and Resource Recycling Technologies, Inc. jointly announced today that a wholly 
owned Waste Management subsidiary has commenced a tender offer for any and all  
outstanding shares of common stock of RRT at a price of $11.50 net per share in 
cash.  On March 22, 1995, the closing sale price for RRT on the American Stock  
Exchange composite tape was $11.25 per share.                                   

  The offer will be subject to certain conditions including, among other things,
the tender of a minimum of 50.1 percent of the outstanding shares of RRT        
(assuming the exercise of all outstanding rights to acquire common stock) and   
the termination or expiration of applicable waiting periods under the Hart-     
Scott-Rodino Antitrust Improvements Act.  Unless extended, the tender offer will
expire at 12:00 midnight, New York City time, on April 19, 1995.  If the        
conditions to the offer are met, the tender offer will be followed by a merger  
in which non-tendering stockholders will receive the right to obtain $11.50 net 
per share in cash.  RRT has approximately 2,675,773 shares, and rights to       
acquire an additional 580,372 shares, outstanding.  Stockholders beneficially   
owning approximately 33 percent of the shares on a fully diluted basis have     
agreed to tender their shares.                                                  

WMI said the offer would be made only by an Offer to Purchase and related   
Letter of Transmittal, copies of which will first be mailed to RRT's            
stockholders on or about March 23, 1995.  Morrow & Co., Inc. is acting as the   
Information Agent for the offer. Copies of the Offer to Purchase and the Letter 
of Transmittal can be obtained from, and questions concerning the offer can be  
directed to, Morrow & Co., Inc.                                                 

RRT owns and/or operates several material recycling facilities primarily in 
the northeast and one in Florida.  The company also designs and manages         
construction of solid waste recycling facilities and systems and provides       
processing and administrative services to regional retailers and beverage       
wholesalers subject to the New York State Bottle Bill.                          

Waste Management, Inc. is the leading provider of recycling and integrated  
solid waste management services in North America.                               

####

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘SC 14D9’ Filing		Date		Other Filings
		4/19/95
Filed on:		3/23/95		SC 13D,  SC 14D1
		3/22/95		SC 13D/A
				List all Filings