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Waste Management (WM) has shared an update.
Waste Management, Inc. has entered into a definitive merger agreement to acquire Stericycle, Inc., with the latter set to become an indirect wholly-owned subsidiary upon completion. Stericycle shareholders will receive $62.00 per share in cash, while certain equity awards will be converted to cash or assumed by Waste Management. The deal, subject to customary closing conditions and regulatory approvals, could see Stericycle paying a substantial termination fee if the agreement is dissolved under specified circumstances. The transaction aims to enhance the waste management industry’s capabilities, with both companies announcing the merger through a joint press release.
For an in-depth examination of WM stock, go to TipRanks’ Stock Analysis page.