BUZZ-Waste Management falls after $7.2 bln deal to buy Stericycle

Reuters · 06/03 11:41
BUZZ-Waste Management falls after $7.2 bln deal to buy Stericycle

** Shares of Waste Management WM.N fall 1.7% to $207.06 premarket

** Co to buy medical waste disposal company Stericycle SRCL.O for $7.2 bln

** WM to offer $62 per share in cash, which represents a 20.3% premium to SRCL's closing price on Friday

** Deal expected to close in Q4 of 2024

** Up to last close, WM stock is down 17.7% YTD


(Reporting by Vallari Srivastava in Bengaluru)

((Srivastava.Vallari@thomsonreuters.com;))