CPPIB OKs Waste Management's $4.9 bln buy of Advanced Disposal
Waste Management Inc (NYSE: WM) has agreed to acquire Advanced Disposal Services Inc (NYSE: ADSW), a Ponte Vedra, Florida-based solid waste company. The deal, expected to close in Q1 2020, reflects an enterprise value of US$4.9 billion, including debt. Canada Pension Plan Investment Board (CPPIB), which owns about 19 percent of Advanced Disposal’s outstanding shares, agreed to vote for the transaction. CPPIB invested US$280 million in Advanced Disposal in 2016. Waste Management, a Houston, Texas-based waste management environmental services provider, said the acquisition grows its footprint in the Eastern United States.
15 April 2019•7 mins read
