Waste Management, Inc. (NYSE: WM) and Stericycle (NASDAQ: SRCL) announce that they have entered into a definitive agreement under which WM will acquire all outstanding shares of Stericycle for $62.00 per share in cash, representing a total enterprise value of approximately $7.2 billion when including approximately $1.4 billion of Stericycle’s net debt. The per share price represents a premium of 24% to Stericycle’s 60-day volume weighted average price as of May 23, 2024, which was the last trading day before an article reported that Stericycle was considering a potential sale. Stericycle is a premier provider of regulated medical waste and compliance services as well as secure information destruction services.
Read the full article: WM to Acquire Stericycle, a Leader in Medical Waste Services, for $7.2B //
Source: https://www.businesswire.com/news/home/20240602670467/en/WM-to-Acquire-Stericycle-a-Leader-in-Medical-Waste-Services-for-7.2-Billion