---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-068410"
form_type: "8-K"
ticker: "WM"
cik: "0000823768"
company_name: "WASTE MANAGEMENT INC"
filed_at: "2024-06-05T23:59:59+00:00"
generated_at: "2026-06-01T06:24:20.875122+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# WM acquires Stericycle for $7.2B ($62/share); expects >$125M annual synergies

## Summary
- All-cash deal at $62.00 per share; enterprise value ~$7.2B including $1.4B net debt.
- 24% premium to Stericycle's 60-day VWAP as of May 23, 2024, prior to sale speculation.
- Expected annual run-rate synergies >$125M from WM's logistics, technology, and disposal network.
- Accretive to WM's earnings and cash flow within one year; target leverage 2.75-3.0x 18 months post-close.
- Boards unanimously approved; anticipated close in Q4 2024, subject to regulatory and shareholder approvals.

## SEC filing metadata
- accession: 0001104659-24-068410
- form_type: 8-K
- ticker: WM
- cik: 0000823768
- company_name: WASTE MANAGEMENT INC
- filed_at: 2024-06-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/823768/000110465924068410/0001104659-24-068410-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/823768/000110465924068410/tm2416276d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-068410
- JSON: https://secwatch.observer/filing/0001104659-24-068410.json
- Plain text: https://secwatch.observer/filing/0001104659-24-068410.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.