WM - DOJ officially requires Waste Management and Advanced Disposal to divest assets in 10 states

The Antitrust Division of the U.S. Department of Justice ((DOJ)) filed a civil suit, along with a proposed settlement, that paves the way for Waste Management ([[WM]] +0.6%) to finally close its $4.6B acquisition of Advanced Disposal Services ([[ADSW]] +0.1%), announced earlier this year.The proposed settlement requires the divestiture of 15 landfills, 37 transfer stations, 29 hauling facilities, over 200 waste collection routes and other assets across 10 states. GFL Environmental is the planned buyer of a package previously valued at $863.5M.Without divestitures, this merger would have harmed competition for essential waste collection and disposal services throughout the country,” said Assistant Attorney General Makan Delrahim.

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DOJ officially requires Waste Management and Advanced Disposal to divest assets in 10 states