NEW YORK, May 17, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Advanced Disposal Services Inc. ("ADSW" or the "Company") (NYSE: ADSW) in connection with the proposed acquisition of the Company by Waste Management, Inc. (NYSE: WM). Under the terms of the agreement, shareholders of ADSW will receive $33.15 in cash for each ADSW share they own.
If you own ADSW shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, please contact:
Joshua Rubin, Esq. WeissLaw LLP 1500 Broadway, 16th Floor New York, NY 10036 (212) 682-3025 (888) 593-4771 [email protected]
WeissLaw is investigating whether ADSW's Board acted to maximize shareholder value prior to entering into the agreement. Notably, the Company recently announced positive financial results for the first quarter of 2019. It reported revenue of $384 million, representing an increase of 5.3% year-over-year when compared to the figures reported in the same period of the previous year.
Given these facts, WeissLaw is concentrating its investigation on whether ADSW's Board conducted a fair process in agreeing to the proposed acquisition, whether the proposed acquisition undervalues the Company, and whether all material information related to the proposed acquisition is fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected]