(Reuters) – Waste Management Inc said on Monday it would buy smaller rival Advanced Disposal Services Inc in a deal valued at $4.9 billion, including debt.

Waste Management’s cash offer of $33.15 per share represents a premium of about 22 percent to Advanced Disposal stock’s close on Friday.

Reporting by Ankit Ajmera in Bengaluru; Editing by Sriraj Kalluvila

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