A PYMNTS Company

US: Waste Management wins antitrust approval

By  |  March 15, 2015

The Justice Department said on Friday it granted antitrust approval for Waste Management Inc.’s purchase of Deffenbaugh Disposal.

Waste Management a $14 billion a year garbage and recycling giant, agreed to sell assets in Kansas and Arkansas in order to win approval for the $405 million deal, the department said.

The divestitures were focused on small container waste services, or collecting solid waste from offices and apartment buildings, the department said.

Deffenbaugh has disposal services in Arkansas, Iowa, Kansas, Missouri, Nebraska and had revenues of $180 million in 2013, the department said in a court filing.

 

Full Content: Jutia Group

 

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.