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Chicago Tribune
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Safety-Kleen Corp., forced by its shareholders to open talks with a company that had launched a hostile bid, set aside its “poison-pill” anti-takeover provisions. That removed the last obstacle to Laidlaw Environmental Services Inc.’s $30-a-share offer. Elgin-based Safety-Kleen had tried to accept a friendly offer from a group led by Philip Services Corp. that was only $27 a share, but all in cash. Laidlaw’s offer is $18 in cash and the balance in stock.