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The Wall Street Journal: Waste Management may buy Advanced Disposal in $2.9 billion deal

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 WM, +1.21% would pay $33.15 a share in cash for Advanced Disposal ADSW, +1.16% , the people said. The deal, which could be announced Monday, represents a 22.1% premium to Advanced Disposal’s trading price at Friday’s close and will rank as one of the biggest solid-waste company acquisitions in more than a decade. Including debt, the deal would be worth nearly $5 billion.

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