Waste Management to Acquire Stericycle in $7.2 Billion Cash Deal, Including Debt

Waste Management, Inc. (WM) entered into a definitive agreement on June 3, 2024, to acquire medical waste disposal company Stericycle Inc. (SRCL) for $7.2 billion, including debt, as it looks to tap into the growing healthcare waste disposal market in the United States.

Deal Structure:

As per the terms outlined in the agreement, Waste Management will acquire all outstanding shares of Stericycle for $62.00 per share in cash, representing a premium of 20.29% from the stock’s last close.

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