---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-068691"
form_type: "8-K/A"
ticker: "WM"
cik: "0000823768"
company_name: "WASTE MANAGEMENT INC"
filed_at: "2024-06-05T23:59:59+00:00"
generated_at: "2026-06-01T06:24:07.501372+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# WM to acquire Stericycle for $62/share, ~$7.2B enterprise value

## Summary
- Total enterprise value of ~$7.2B includes $1.4B of Stericycle's net debt; $62/share cash represents 24% premium to 60-day VWAP.
- Expected annual run-rate synergies >$125M driven by logistics, tech optimization, and disposal network.
- Transaction accretive to WM earnings and cash flow within 1 year; leverage target 2.75x-3.0x net debt/EBITDA within 18 months.
- Closing expected as early as Q4 2024, subject to regulatory approvals and Stericycle stockholder vote.
- Termination fees: Stericycle pays $175M in certain circumstances; WM pays $262.5M if regulatory conditions not met.

## SEC filing metadata
- accession: 0001104659-24-068691
- form_type: 8-K/A
- 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/823768/000110465924068691/0001104659-24-068691-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/823768/000110465924068691/tm2416276d2_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-068691
- JSON: https://secwatch.observer/filing/0001104659-24-068691.json
- Plain text: https://secwatch.observer/filing/0001104659-24-068691.txt

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