Waste Management, Inc. reached a definitive agreement to sell certain of its North American solid waste businesses and one million cubic yards of disposal to Waste Corporation of America for approximately $110 million. In addition, WCA will assume closure and post closure liabilities.
The transaction, to be completed in the third quarter, is subject to approvals from various state and federal agencies as well as other normal and customary closing conditions.
Waste Management said the transaction will include 10 waste collection businesses in Arkansas, Kentucky, Missouri, Nebraska, Oklahoma and Texas; 12 landfills in Arkansas, Kansas, Kentucky, Missouri, Nebraska, Oklahoma and Texas; and 7 transfer stations in Arkansas, Missouri, Nebraska and Oklahoma.
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