Waste Management to Acquire Stericycle in $7.2 Billion Deal

The acquisition aims to expand Waste Management's environmental solutions and generate $125 million in annual synergies.

Waste Management will pay $62 per share for Stericycle, including $1.4 billion in debt.
The deal represents a 24% premium to Stericycle's 60-day average price.
Stericycle's stock surged over 15% following the announcement, while Waste Management's stock declined.
The acquisition is expected to close by the fourth quarter of 2024, pending regulatory approvals.
The combined company aims to enhance services in medical waste and secure information destruction sectors.