HOUSTON and PONTE VEDRA, Fla. – April 15, 2019 –Waste Management, Inc. (NYSE: WM) and Advanced Disposal Services, Inc. (NYSE: ADSW) announced today that they have entered into a definitive agreement under which a subsidiary of Waste Management will acquire all outstanding shares of Advanced Disposal for $33.15 per share in cash, representing a total enterprise value of $4.9 billion when including approximately $1.9 billion of Advanced Disposal’s net debt. The per share price represents a premium of 22.1% to Advanced Disposal’s closing share price as of April 12, 2019, the last trading day prior to today’s announcement, and a premium of 20.9% to Advanced Disposal’s 30-day volume weighted average price as of the same date.

PONTE VEDRA, Fla. (February 21, 2019) – Advanced Disposal Services, Inc. (NYSE: ADSW), (d/b/a Advanced Disposal) announced today revenue of $394.8 million for the three months ended December 31, 2018 versus $384.4 million in the same period of the prior year. Net income during fourth quarter 2018 was $2.5 million, or $0.03 per diluted share, and adjusted net income, which excludes certain gains and expenses, was $11.4 million, or $0.13 per diluted share. Fourth quarter 2017 net income included a $40.4 million benefit from the Tax Cuts and Jobs Act and was $42.0 million, or $0.47 per diluted share, and adjusted net income was $11.2 million, or $0.13 per diluted share.