Waste Management Expects Stericycle Deal To Be Accretive To Earnings And Cash Flow Within One Year Of Close
Portfolio Pulse from Benzinga Newsdesk
Waste Management (WM) expects its acquisition of Stericycle (SRCL) to be accretive to earnings and cash flow within one year of closing. The deal, approved by both companies' boards, is expected to close in Q4 2024. WM will finance the transaction using a combination of bank debt and senior notes.
June 03, 2024 | 11:08 am
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Stericycle is being acquired by Waste Management, with the deal expected to close in Q4 2024. The acquisition is anticipated to be accretive to WM's earnings and cash flow within one year.
The acquisition by WM is likely to provide a positive outlook for SRCL, as it will become part of a larger, financially stable entity. This could lead to improved operational efficiencies and market reach.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Waste Management expects the acquisition of Stericycle to be accretive to earnings and cash flow within one year of closing. The deal is expected to close in Q4 2024 and will be financed using bank debt and senior notes.
The acquisition is expected to enhance WM's earnings and cash flow, indicating a positive financial impact. The financing through bank debt and senior notes suggests confidence in the deal's profitability.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100