Waste Management Nears $2.9 Billion Deal for Advanced Disposal

 wsj.com  04/15/2019 01:30:00   Dana Mattioli and Dana Mattioli The Wall Street Journal BiographyDana Mattioli @DanaMattioli dana.mattioli@wsj.com Cara Lombardo Cara Lombardo The Wall Street Journal BiographyCara Lombardo @CaraRLombardo cara.lombardo@wsj.com

Waste Management Inc. is nearing a roughly $2.9 billion deal to buy its smaller rival Advanced Disposal Services Inc., according to people familiar with the matter, in what would be the biggest acquisition in its history.

Waste Management would pay $33.15 a share in cash for Advanced Disposal, the people said. The deal, which could be announced Monday, represents a 22.1% premium to Advanced Disposals trading price at Fridays close and will rank as one of the biggest solid-waste company acquisitions in more than a decade....

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