- Waste Management’s Acquisition of Advanced Disposal Combines Dedicated and Experienced Teams with Shared Commitments to Safety, Outstanding Customer Service and Operational Excellence

- Waste Management Continues to be Confident in the Long-Term Value from the Acquisition and Expects Annual Cost and Capital Expenditure Synergies to Exceed?$100 Million

HOUSTON--(BUSINESS WIRE)--Oct. 30, 2020--?Waste Management?(NYSE: WM) announced today that it completed its acquisition of all outstanding shares of Advanced Disposal on?October 30, following the receipt of required regulatory approvals. The previously announced purchase price of?$30.30?per share in cash represents a total enterprise value of?$4.6 billion?when including approximately?$1.8 billion?of Advanced Disposal’s net debt. Advanced Disposal stock will no longer be traded on the NYSE.

This acquisition grows Waste Management’s footprint and allows the Company to deliver unparalleled access to differentiated, sustainable waste management and recycling services to approximately 3 million new commercial, industrial and residential customers primarily located in 16 states in the eastern half of?the United States.

PONTE VEDRA, Fla., Aug. 25, 2020--?Advanced Disposal Services, Inc. ("Advanced Disposal" or the "Company") (NYSE: ADSW) announced that at a virtual special meeting of stockholders held earlier today, the Company's stockholders voted to adopt the amended merger agreement pursuant to which the Company would be acquired by an indirect, wholly-owned subsidiary of Waste Management, Inc. ("Waste Management") in an all-cash transaction, which was first announced on April 15, 2019.

PONTE VEDRA, Fla., July 30, 2020 /PRNewswire/ -- Advanced Disposal Services, Inc. (NYSE: ADSW), (d/b/a Advanced Disposal) announced today revenue of $380.3 million for the three months ended June 30, 2020 versus $419.1 million in the same period of the prior year. Net income during the second quarter 2020 was $6.2 million or $0.07 per diluted share, which was an improvement of $7.2 million or 0.08 per diluted share compared to the prior year.? Adjusted net income, which excludes certain gains and expenses, was $17.0 million, or $0.19 per diluted share.

HOUSTON and PONTE VEDRA, Fla. – June 24, 2020 – Waste Management, Inc. (NYSE: WM) and Advanced Disposal Services, Inc. (NYSE: ADSW) announced today that they have amended the terms of the definitive agreement under which a subsidiary of Waste Management will acquire all outstanding shares of Advanced Disposal for $30.30 per share in cash, representing a total enterprise value of $4.6 billion when including approximately $1.8 billion of Advanced Disposal’s net debt.

PONTE VEDRA, Fla.,?May 7, 2020?/PRNewswire/ --?Advanced Disposal Services, Inc. (NYSE:?ADSW), (d/b/a Advanced Disposal) announced today revenue of?$386.7 million?for the three months ended?March 31, 2020?versus?$384.0 million?in the same period of the prior year. Net loss during the first quarter 2020 was?($6.3) million?or?($0.07)?per diluted share and adjusted net income, which excludes certain gains and expenses, was?$4.1 million, or?$0.04?per diluted share.

"While all companies are navigating through unprecedented times, we are approaching the COVID-19 pandemic by living our Service First, Safety Always culture," said?Richard Burke, CEO. "We provide an essential service to our customers, and we could not be more proud and thankful of the work our entire team is doing to safely service our customers and communities during this public health emergency.? Our business model is recession resistant, and we are reallocating resources across business lines to safely meet customer needs.? Financially, we will remain focused on strong cash flow generation."

PONTE VEDRA, Fla., Feb. 20, 2020 /PRNewswire/ --?Advanced Disposal Services, Inc. (NYSE: ADSW), (d/b/a Advanced Disposal) announced today revenue of $400.5 million for the three months ended December 31, 2019 versus $394.8 million in the same period of the prior year. Net loss during fourth quarter 2019 was ($3.2) million or ($0.04) per diluted share, and adjusted net income, which excludes certain gains and expenses, was $7.5 million, or $0.08 per diluted share.