WSJ : Waste Management Nears Deal To Buy Advanced Disposal For About $2.9 Bln

(RTTNews) - Waste Management Inc. (WM) is nearing a about $2.9 billion deal to buy its smaller rival Advanced Disposal Services Inc., the Wall Street Journal reported citing people familiar with the matter.

Waste Management would pay $33.15 a share in cash for Advanced Disposal, the report said. The deal, which could be announced Monday, represents a 22.1% premium to Advanced Disposal's trading price at Friday's close and will rank as one of the biggest solid-waste company acquisitions in more than a decade. Including debt, the deal would be worth nearly $5 billion.

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