WASTE MANAGEMENT INC (WM): M&A transaction — WM closes $62/share acquisition of Stericycle for ~$7.2B enterprise value

WASTE MANAGEMENT INC

Stericycle shareholders received $62.00 per share in cash; total enterprise value ~$7.2B.
Acquisition funded via delayed draw term loan, commercial paper, and cash on hand; includes $0.5B debt assumption.
WM expects run-rate cost synergies exceeding $125 million from the Stericycle deal.
Stericycle common stock ceased trading on NASDAQ as of November 4, 2024.
Exchange offer for Stericycle's 3.875% senior notes due 2029 expires Nov 5, settlement expected Nov 8.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

WASTE MANAGEMENT INC completed an acquisition involving Stericycle, Inc. for $62.00 per share in cash (closed 2024-11-04).

Action: acquisition
Counterparty: Stericycle, Inc.
Consideration: $62.00 per share in cash
Closing: 2024-11-04

Exact text from the filing

for which appraisal rights were properly demanded in accordance with Section 262 of the General Corporation Law of the State of Delaware) was converted into the right to receive $62.00 per share in cash, without interest and less applicable withholding taxes (the “Merger Consideration”). At the Effective Time, each fully vested and outstanding option to purchase

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31 m&a transactions filed in the last 30 days. Browse all m&a transactions →

WASTE MANAGEMENT INC filing history →

Source: SEC EDGAR

accession 0001104659-24-113690

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