Summary
Waste Management, Inc. (WM) announced the completion of its acquisition of Advanced Disposal Services, Inc. on October 30, 2020. The merger, which was initially agreed upon in April 2019 and amended in June 2020, saw Advanced Disposal become an indirect wholly owned subsidiary of Waste Management. The transaction was financed through a combination of credit facilities and commercial paper, totaling approximately $4.65 billion. This acquisition represents a significant strategic move for Waste Management, expanding its operational footprint and market share in the waste management industry. The completion of the merger is a key event for investors, marking the integration of Advanced Disposal's assets and operations into Waste Management's existing structure. Investors should monitor future reports for details on the integration progress and any anticipated synergies or impacts on financial performance.
Key Highlights
- 1Waste Management, Inc. has successfully completed the acquisition of Advanced Disposal Services, Inc. as of October 30, 2020.
- 2The acquisition was effected through a merger where Advanced Disposal became an indirect wholly owned subsidiary of Waste Management.
- 3The total consideration paid for the acquisition amounted to approximately $4.65 billion.
- 4The transaction was funded using a combination of Waste Management's credit facilities and commercial paper.
- 5Advanced Disposal shareholders received $30.30 per share in cash for their shares.
- 6Options, performance share units, and restricted share units of Advanced Disposal were converted into cash payments.
- 7The completion of the merger was announced via a press release issued on the closing date.