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.
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