WM - Waste Management Nears $7B Deal To Acquire Stericycle: Report | Benzinga
Waste Management Inc (NYSE:WM) is reportedly nearing a huge acquisition deal to purchase medical-waste-disposal company Stericycle Inc (NASDAQ:SRCL) for approximately $7 billion, inclusive of debt.
The acquisition of Bannockburn, Illinois-based Stericycle, which carries over $1 billion in debt, might be announced as early as Monday, according to a report from the WSJ.
Stericycle's services would enhance Waste Management's capabilities, providing a stronger presence in the medical-waste-disposal sector, which saw increased demand during the COVID-19 pandemic.
Waste Management, based in Houston, operates the largest landfill network in North America with over 250 sites.
Currently, Waste Management's primary revenue comes from its collection operations, which ...