---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-113690"
form_type: "8-K"
ticker: "WM"
cik: "0000823768"
company_name: "WASTE MANAGEMENT INC"
filed_at: "2024-11-04T23:59:59+00:00"
generated_at: "2026-05-30T06:36:43.614651+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# WM closes $62/share acquisition of Stericycle for ~$7.2B enterprise value

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-113690
- form_type: 8-K
- ticker: WM
- cik: 0000823768
- company_name: WASTE MANAGEMENT INC
- filed_at: 2024-11-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/823768/000110465924113690/0001104659-24-113690-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/823768/000110465924113690/tm2427004d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-113690
- JSON: https://secwatch.observer/filing/0001104659-24-113690.json
- Plain text: https://secwatch.observer/filing/0001104659-24-113690.txt

## Key facts
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/823768/000110465924113690/0001104659-24-113690-index.htm

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