Waste Management's $4.6B Deal Gets DOJ Nod With Fixes

Law360 (October 23, 2020, 4:45 PM EDT) -- The U.S. Department of Justice on Friday said Waste Management Inc. can move ahead with its re-jiggered $4.6 billion deal for collection and disposal outfit Advanced Disposal Services provided the companies shed assets in several states.

The companies initially struck a $4.9 billion deal in April last year but said in June they had agreed to amend the terms, including by unloading $835 million worth of assets to Canadian trash hauler GFL Environmental Inc., in a bid to address concerns raised by the DOJ.

Had the merger moved ahead as originally proposed, Assistant Attorney General Makan Delrahim, head of the DOJ's...

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