secwatch.observer — SEC 8-K summary
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Issuer:     WASTE MANAGEMENT INC (WM)
CIK:        0000823768
Form:       8-K
Filed at:   2024-11-04T23:59:59+00:00
Accession:  0001104659-24-113690
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 2.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/823768/000110465924113690/0001104659-24-113690-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/823768/000110465924113690/tm2427004d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-113690

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