Casella Waste (CWST) Selling Securities To Pay Off Debt

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07:12:25 pm on October 15, 2008

Casella Waste (CWST) announced after the bell today it will periodically sell up to 250 million in Class A shares, preferred stock, warrants and debt securities in order to repay debts and for general corporate use.  The news should be enough to send the stock further into the abyss tomorrow with a possible challenge of the 2002 lows on the horizon. 

The stock is down less than 1% after hours.

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