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Acquisitions and Divestitures
6 Months Ended
Jun. 30, 2018
Acquisitions and Divestitures  
Acquisitions and Divestitures

9.    Acquisitions and Divestitures

Acquisitions

During the six months ended June 30, 2018, we acquired 12 solid waste businesses. Total consideration, net of cash acquired, for these acquisitions was $266 million, which included $256 million in cash paid and $10 million of purchase price holdbacks. The businesses acquired provide collection, transfer and disposal services. As of June 30, 2018, the allocation of the purchase price for these acquisitions is preliminary; fair value estimates of identifiable assets acquired and liabilities assumed are based on management’s estimates, judgments and assumptions and are subject to change until finalized.

Divestitures

During the six months ended June 30, 2018, we sold certain ancillary operations and received cash proceeds from these divestitures of $86 million and recognized net gains of $42 million, which are included in (gain) loss from divestitures, asset impairments and unusual items, net in the Condensed Consolidated Statement of Operations.