M&A
confidence high
sentiment neutral
materiality 0.60
Waste Management receives Canadian competition information request for Stericycle merger
WASTE MANAGEMENT INC
- On Sep 23, 2024, WM and Stericycle received a Supplementary Information Request from Canada's Competition Bureau.
- The SIR extends the Canadian waiting period to 30 days after both parties respond to the request.
- Hart-Scott-Rodino waiting period expired; clearances obtained from Portugal, UK, and Spain.
- Stericycle stockholders approved the merger on Aug 14, 2024; closing expected in Q4 2024.
- Merger remains subject to Canadian Competition Act clearance and other customary conditions.