Merger Agreement and Plan of Merger On April 14, 2019, the Company entered into an Agreement and Plan of Merger with Waste Management, Inc., a Delaware corporation (Waste Management) , and a merger subsidiary of Waste Management. On June 24, 2020, the Company, Waste Management, and the merger subsidiary of Waste Management entered into Amendment No. 1 to the merger agreement. In exchange for agreeing to reduce the per share merger consideration to $30.30 per share in cash, the Company and Waste Management agreed to amend the terms of the original merger agreement to provide increased closing certainty to the Companys stockholders, including by, among other things: (i) extending the end date from July 13, 2020 to September 30, 2020, which will be further extended automatically to November 30, 2020, subject to certain conditions; (ii) providing for a $250.0 termination fee payable by Waste Management to the Company in certain circumstances; and (iii) providing that Waste Management must use best efforts to take all actions to consummate the transactions by the end date, including using its best efforts to obtain antitrust approval, and eliminating the $200.0 revenue threshold on the divestiture obligation of Waste Management as provided in the original merger agreement. In connection with entering into the merger agreement amendment at the request of Waste Management in furtherance of the merger, Advanced Disposal entered into a Securities and Asset Purchase Agreement with GFL Holdco (US), LLC (GFL), Waste Management, and solely for the purposes set forth therein, GFL Environmental Inc., dated as of June 24, 2020 (as amended on July 29, 2020), which was executed to address all of the divestitures anticipated to be required by the U.S. Department of Justice to obtain antitrust approval for the merger. Pursuant to such agreement, GFL will purchase certain equity interests and assets from Advanced Disposal and Waste Management for an aggregate purchase price of $863.5 subsequent to the merger between Advanced Disposal and Waste Management.