Waste Management to Acquire Stericycle for $7.2 Billion
TL;DR Summary
Waste Management will acquire Stericycle in a $7.2 billion deal, paying $62 per share in cash, representing a 24% premium. The acquisition, approved by both companies' boards, is expected to close by Q4 2024. Following the announcement, Stericycle's shares rose 15%, while Waste Management's shares fell over 2%.
- Waste Management to acquire Stericycle in $7.2 billion deal CNBC
- Exclusive | Waste Management Near Deal to Buy Stericycle The Wall Street Journal
- WM to Acquire Stericycle, a Leader in Medical Waste Services, for $7.2 Billion Yahoo Finance
- Stericycle Shares Rise Premarket on Report of Buyout Deal MarketWatch
- Waste Management nears $7 billion deal for Stericycle, WSJ says Crain's Chicago Business
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
1 min
vs 1 min read
Condensed
72%
171 → 48 words
Want the full story? Read the original article
Read on CNBC