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I previously owned 100 shares of Waste Management stock, but know I only have 72 shares. What happened?

April 26, 2017happened Management Shares stock waste

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I previously owned 100 shares of Waste Management stock, but know I only have 72 shares. What happened?

1 Answer

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In the merger between USA Waste and the former Waste Management (trading on the NYSE under the symbol “WMX”), .725 of a share of new Waste Management (WM) was issued for each share held in WMX.