 Shares of solid waste company Advanced Disposal Services Inc. fell 3.5 in premarket trading Wednesday, after the deal, to be acquired by Waste Management Inc. , which is valued at 4.6 billion including debt, represented a discount to the previous sessions closing price. Waste Managements stock rose 0.9. Under terms of the deal, Waste Management will pay 30.30 for each Advanced Disposal share outstanding, which is 2.8 below Tuesdays closing price of 31.16. The deal price implies a market capitalization of 2.73 billion for Advance Disposal. Waste Management expects to fund the deal, which is expected to close by the end of the third quarter of 2020, using a combination of credit facilities and commercial paper. Separately, the companies announced an agreement in which GFL Environmental will buy a combination of Advanced Disposal and Waste Management assets for 835 million, in connection with a review of the acquisition by the Department of Justice. Advanced Disposalss stock has lost 5.2 year to date through Tuesday, while Waste Management shares have shed 8.9 and the SP; 500 has eased 3.1. 