“WM Acquires Stericycle: A Strategic Move in the Waste Disposal Industry”

"WM Acquires Stericycle: A Strategic Move in the Waste Disposal Industry"

Waste Management (WM) has announced its plans to acquire Stericycle Inc., a leading Illinois-based waste disposal company, in a deal worth $7.2 billion. This acquisition will see WM take over all outstanding shares of Stericycle for $62 per share in cash, resulting in an enterprise value of $7.2 billion with the inclusion of approximately $1.4 billion in net debt.

According to Jim Fish, President and CEO of WM, this strategic move is aimed at providing comprehensive environmental solutions and maximizing value for stakeholders through active market participation. The addition of Stericycle’s regulated medical waste services and secure information destruction services further strengthens WM’s position as the leader in solid waste management.

This latest development marks another milestone for Waste Management as it continues to expand its service offerings and cement its reputation as an expert provider within the industry.

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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