Waste Management Plans to Acquire Advanced Disposal Services

Waste Management said on Monday it would buy smaller rival Advanced Disposal Services for about $3 billion, as the top waste management services provider looks to expand its footprint in the eastern United States.

The offer of $33.15 represents a premium of about 22 percent to Advanced Disposal’s closing price of $27.14 on Friday and would be Waste Management’s biggest acquisition in more than nine years.

By CNBC

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