US Ecology, Inc.

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Ademi LLP is investigating US Ecology (NASDAQ-GS: ECOL) for possible breaches of fiduciary duty and other violations of law in its transaction with Republic Services.

Ademi LLP alleges US Ecology’s financial outlook and prospects are excellent and yet US Ecology shareholders will receive only $48 per share in cash, representing a total value of approximately $2.2 billion including net debt of approximately $0.7 billion. The merger agreement unreasonably limits competing bids for US Ecology by prohibiting solicitation of further bids, and imposing a significant penalty if US Ecology accepts a superior bid. US Ecology insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of US Ecology’s board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for US Ecology.