2024-06-03 17:36:34 ET
Summary
- Waste Management announced an acquisition of Stericyle for $7.2 billion, which was met with a negative response by investors.
- Stericycle is a leader in medical waste disposal, but the performance has been lacking, therefore patience is key here.
- Expecting hurdles of implementing the new company along the way.
- The company's valuation is trading at a premium, making it not an ideal time to start a position.
Introduction
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Waste Management: Taking A Wait And See Approach On Stericycle Deal