Waste Management to Acquire Stericycle for $7.2 Billion

Waste Management (WM) has announced its intention to acquire Stericycle Inc., a leader in medical waste services, for $7.2 billion. The proposed deal, valued at $62.00 per share, is expected to enhance WM's earnings and cash flow within a year. The transaction is anticipated to close by Q4 2024.


Reuters | Updated: 03-06-2024 18:04 IST | Created: 03-06-2024 18:04 IST
Waste Management to Acquire Stericycle for $7.2 Billion
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Waste Management and Stericycle: * WM TO ACQUIRE STERICYCLE, A LEADER IN MEDICAL WASTE SERVICES, FOR $7.2 BILLION

* STERICYCLE INC: PROPOSED DEAL FOR $62.00 PER SHARE * STERICYCLE INC: DEAL EXPECTED TO BE ACCRETIVE TO WM'S EARNINGS AND CASH FLOW WITHIN ONE YEAR OF CLOSE

* STERICYCLE INC: SYNERGY REALIZATION EXPECTED TO RESULT IN A POST-SYNERGY TRANSACTION MULTIPLE WELL BELOW WM'S CURRENT TRADING MULTIPLE * STERICYCLE INC: WM INTENDS TO FINANCE TRANSACTION USING A COMBINATION OF BANK DEBT AND SENIOR NOTES

* STERICYCLE INC: TRANSACTION IS NOT SUBJECT TO A FINANCING CONDITION * STERICYCLE INC: PROPOSED DEAL EXPECTED TO CLOSE AS EARLY AS Q4 OF 2024

* STERICYCLE INC: WM EXPECTS TRANSACTION TO GENERATE MORE THAN $125 MILLION IN ANNUAL RUN-RATE SYNERGIES * STERICYCLE INC: WM EXPECTS TO TEMPORARILY SUSPEND SHARE REPURCHASES Source text for Eikon: Further company coverage:

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