Waste collector Advance Disposal seeks to raise $404 mln in IPO: Reuters

Waste collection company Advance Disposal Services Inc said it expects to raise as much as US$404.3 million in its initial public offering, valuing the company at about US$1.76 billion, Reuters reported. The Ponte Vedra, Florida-based company is the fifth-largest solid waste services provider in the United States. Canada Pension Plan Investment Board (CPPIB) invested US$280 million in the parent company of Advanced Disposal Services last month. It is majority-owned by Highstar Capital.

DealsCanadaNorth AmericaBriefs