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WM - Waste Management: Advancing On Advanced Disposal Services Deal
Waste Management Inc.
Waste Management (WM) has reached a deal to acquire smaller peer Advanced Disposal Services (ADSW) in a $4.9 billion deal, creating a giant. The deal makes sense as synergies and a great track record mean that investors like the deal being made, although valuation multiples are too high for me to consider.
Deal Terms
Waste Management has reached a deal to buy Advanced Disposal for $33.15 per share in cash, valuing equity of that business at $3.0 billion, and the overall business at $4.9 billion if net debt is included. Based on the