Wheelabrator, Majority Holder Merge: Wheelabrator Technologies Inc.,...

Wheelabrator, Majority Holder Merge: Wheelabrator Technologies Inc., whose facilities generate electricity by burning trash, said it will merge with Wheelabrator Group Inc. to create a $1.3-billion energy and recycling company. The combined company will be named Wheelabrator Technologies Inc., according to a news release issued by Wheelabrator Group, which is Wheelabrator Technology’s largest shareholder. The transaction is subject to approval of shareholders in both companies.