March 1 (Reuters) - Newalta Corp NAL.TO :
* PRESS RELEASE - NEWALTA AND TERVITA AGREE TO MERGE TOCREATE THELEADING ENERGY-FOCUSED ENVIRONMENTAL SOLUTIONS PROVIDER INCANADA
* NEWALTA CORP - COMBINATION EXPECTED TO GENERATE $40-$45MILLIONIN ANNUAL SYNERGIES
* NEWALTA - SHAREHOLDERS WILL BE ENTITLED TO GET 0.1467 OFONECOMMON SHARE OF NEW TERVITA FOR EACH COMMON SHARE OF NEWALTA
* NEWALTA - SHAREHOLDERS WILL ALSO BE ENTITLED TO GET 0.0307OFONE WARRANT TO PURCHASE ONE NEW TERVITA SHARE FOR EACH NEWALTASHARE
* NEWALTA CORP - NEW TERVITA WILL BE LED BY EXISTING SENIOREXECUTIVE TEAM OF TERVITA COMPRISED OF JOHN COOPER AS PRESIDENTAND CEO
* NEWALTA CORP - NEW TERVITA WILL HAVE BRAD DLOUHY AS CHIEFOPERATING OFFICER AND ROB DAWSON AS CFO
* NEWALTA - EACH NEW TERVITA WARRANT WILL BE EXERCISABLE FORTWOYEARS FROM DEAL CLOSE AT PRICE OF $2.75/EQUIVALENT NEWALTA SHARE
* NEWALTA CORP - NEW TERVITA BOARD OF DIRECTORS WILL BECOMPRISEDOF TEN MEMBERS
* NEWALTA CORP - ARRANGEMENT INTENDED TO BE TAX-DEFERRED FORCANADIAN TAX PURPOSES FOR SHAREHOLDERS OF BOTH ENTITIES
* NEWALTA CORP - ARRANGEMENT TO ALSO QUALIFY AS TAX-FREEREORGANIZATION FOR U.S. SHAREHOLDERS