VEOEY - Clean Harbors would need to say a big premium in a sale analyst says

A Clean Harbors Inc. (NYSE:CLH) sale would require a "big" premium, a Stifel analyst wrote after a report yesterday that the company may be an acquisition target. "The scope of a premium, in our view, would be high to own CLH given the very healthy fundamental outlook and exceeds good cash- on-cash returns discipline for most buyers," Stifel analyst Michael Hoffman wrote in a note earlier. The Stifel comments come after a Dealreporter story on Tuesday said that Waste Management (NYSE:WM) was said to be "looking" at a potential acquisition of Clean Harbors (CLH). Buyer interest in CLH is said to have increased after Republic Services (NYSE:RSG) agreed to buy US Ecology (NASDAQ:ECOL) for $48/share last month.  CLH gained 3.2% on the report and rose another 3% on Wednesday. Hoffman said he believes a CLH/WM deal would have DOJ antitrust issues due to landfill overlap. He also questions why CLH would sell, what are the

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Clean Harbors would need to say a big premium in a sale, analyst says