Advanced Disposal Falls as CTFN Says Timing of Approval May Slip

Advanced Disposal pared losses after earlier falling the most intraday in more than two months after CTFN reported that DOJ approval for Waste Management’s acquisition may slip past 3Q.

• DOJ doesn’t appear close to finishing its work on a consent decree that would allow for approval of the deal: CTFN, citing third party
• Another source told CTFN that the consent decree, which includes a sale of some assets to GFL Environmental, isn’t ready
• WM told CTFN it is still working toward completion by end of 3Q; ADSW, GFL declined to comment
• NOTE: Aug. 11, WM CEO James Fish said ...