All articles tagged with #stericycle
WM plans to acquire Stericycle for $7.2 billion to expand its healthcare waste services, with the deal expected to close by Q4 pending regulatory and shareholder approvals. The acquisition aims to generate over $125 million in annual synergies and enhance WM's environmental solutions portfolio.
Stocks making significant moves in premarket trading include GameStop, Stericycle, MarineMax, and Paramount, among others.
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%.
The National Labor Relations Board (NLRB) has made it harder for businesses to defend workplace rules that could impede employees' rights to join unions. The NLRB's decision states that routine work rules, such as those banning disparagement or solicitation, are illegal if they could reasonably be interpreted as prohibiting protected activity related to discussing working conditions or distributing union literature. This ruling could benefit unions amid a rise in labor organizing efforts, including campaigns at Starbucks, Amazon, Apple, and other major companies. The NLRB overturned a 2017 ruling by the Trump administration, stating that workplace policies were valid as long as they served legitimate business reasons. The case involving waste disposal company Stericycle's policies was sent back to an administrative judge to apply the new standard.