June 24, 2020 / 12:44 PM / 8 days ago

Waste Management trims Advanced Disposal offer to $2.8 bln

June 24 (Reuters) - Waste Management Inc on Wednesday lowered its bid to buy smaller rival Advanced Disposal Services Inc to $2.8 billion from $3 billion.

Under terms of the deal, the waste management services provider will acquire all shares of Advanced Disposal for $30.30 apiece in cash, down from its earlier offer of $33.15 per share. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Vinay Dwivedi)

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