WM - Why Waste Management Shares Are Trading Lower Monday | Benzinga
Waste Management, Inc. (NYSE:WM) stock is down Monday after the company announced plans to acquire Stericycle (NASDAQ: SRCL).
What Happened: Waste Management has entered into a definitive agreement to acquire Stericycle where the company will purchase all outstanding Stericycle shares at $62 a share, totaling to $7.2 billion.
Waste Management expects the acquisition to allow the company to expand its investment in North America’s recycling infrastructure.
In addition, Stericycle’s acquisition enriches WM’s environmental solutions with assets in medical waste and secure information destruction sectors. The company anticipates more than ...