US/Europe Event-Driven Analyst

John DeMasi

CFA, CPA (New York State, status: inactive) with 20+ years on buyside (PM & analyst) at numerous hedge funds and proprietary trading desks in NYC and London, covering North American and European event driven investments.

Waste Management Buying Advanced Disposal Services – A Rubbish Deal or Cash from Trash?

Event-Driven

Advanced Disposal Services I / Event-Driven

On the evening of May 10, 2019, <a href="https://www.smartkarma.com/entities/26366" target="_blank" data-smartkarma-citation="entities:26366:1">Advanced Disposal Services I (ADSW US)</a> filed its draft merger proxy for the special shareholder meeting to vote on the acquisition of the Company by <a href="https://www.smartkarma.com/entities/2560" target="_blank" data-smartkarma-citation="entities:2560:1">Waste Management (WM US)</a>. The merger agreement required the draft merger proxy to be filed by May 13, 2019.
In this brief note I discuss new information revealed, including the background section, regulatory insights and analysis behind the fairness opinion.
This note is a follow up to my initial deal write-up - <a href="https://www.smartkarma.com/insights/waste-management-buying-advanced-disposal-services-a-rubbish-deal-or-cash-from-trash" target="_blank" data-smartkarma-citation="insights:29693">Waste Management Buying Advanced Disposal Services – A Rubbish Deal or Cash from Trash?</a> - published just two days ago before the draft merger proxy was filed with the SEC.

On the evening of May 10, 2019, Advanced Disposal Services I (ADSW US) filed its draft merger proxy for the special shareholder meeting to vote on the acquisition of the Company by Waste Management (WM US). The merger agreement required the draft merger proxy to be filed by May 13, 2019.
In this brief note I discuss new information revealed, including the background section, regulatory insights and analysis behind the fairness opinion.
This note is a follow up to my initial deal write-up - Waste Management Buying Advanced Disposal Services – A Rubbish Deal or Cash from Trash? - published just two days ago before the draft merger proxy was filed with the SEC.

Advanced Disposal Services/Waste Management – Draft Merger Proxy Filing Details