Stericycle (SRCL) announced a sizeable divestment, a move which is applauded by investors as the company continues to address its large debt position which it incurred following years of dealmaking in the past. The deal addresses the leverage situation a bit, yet not at a convincing deal multiple as the company still has lots to prove some five years after the roll-up strategy has backfired.
Goodbye Environmental Solutions (Most Of It)
Stericycle has reached a deal with Harsco (HSC) to sell its domestic environmental solutions business in a $462.5 million cash