Waste Management Agrees To Acquire Stericycle For $62.00 Per Share In Cash, Representing Total Enterprise Value Of ~$7.2B, Including Net Debt
Portfolio Pulse from Benzinga Newsdesk
Waste Management (WM) has agreed to acquire Stericycle (SRCL) for $62.00 per share in cash, representing a total enterprise value of approximately $7.2 billion, including net debt. The per share price represents a 24% premium to Stericycle's 60-day volume weighted average price as of May 23, 2024.
June 03, 2024 | 11:07 am
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POSITIVE IMPACT
Stericycle (SRCL) will be acquired by Waste Management (WM) for $62.00 per share, a 24% premium to its 60-day volume weighted average price. This acquisition provides a significant premium to SRCL shareholders.
The acquisition by Waste Management at a 24% premium is likely to positively impact Stericycle's stock price in the short term as shareholders benefit from the premium offer.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Waste Management (WM) has agreed to acquire Stericycle (SRCL) for $62.00 per share, representing a total enterprise value of approximately $7.2 billion. This acquisition could enhance WM's market position and growth prospects.
The acquisition of Stericycle by Waste Management is likely to strengthen WM's market position and growth prospects, which could positively impact its stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100