Waste Management to buy Advanced Disposal for $2.9 bln – WSJ

(Reuters) – Waste Management Inc is inching closer to acquire smaller rival Advanced Disposal Services Inc for about $2.9 billion in cash, the Wall Street Journal reported on Sunday, citing people familiar with the matter. Waste Management would pay $33.15 per share in cash, representing a premium of 22.1 percent to Advanced Disposal’s closing price on Friday, the Journal reported. Both companies did not respond to Reuters’ request for comment outside regular business hours.

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