By Michael Tobin

 

Shareholders of Advanced Disposal Services Inc. (ADSW) approved an acquisition by Waste Management Inc. (WM) in a special meeting Friday.

Advanced Disposal shareholders will receive $33.15 per share in cash once the transaction is finalized.

Waste Management reached a deal to buy competitor Advanced Disposal Services for around $2.9 billion in April, marking one of the biggest solid-waste company deals in more than a decade.

 

Write to Michael Tobin at Michael.Tobin@WSJ.com

 

(END) Dow Jones Newswires

June 28, 2019 15:19 ET (19:19 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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