Waste Management Inc. is buying competitor Advanced Disposal Services Inc. for around $2.9 billion in one of the biggest solid-waste company acquisitions in more than a decade. The companies said the offer of $33.15 a share comes out to a premium for Advanced Disposal shareholders of 22.1% based on the company’s closing price Friday. Shares most recently closed at $27.14 a share.

Source: Wall Street Journal April 15, 2019 10:33 UTC