Stericycle Stock Jumps on $7.2B Sale To Waste Management

Key Takeaways Waste Management has reached a deal to buy Stericycle, a medical waste disposal company, for $62 per share in cash. Waste Management will acquire Stericycle for approximately $7.2 billion, including about $1.4 billion of debt. Stericycle shares jumped about 15% higher Monday following the news, while Waste Management dropped 2%. Waste Management (WM) has reached an agreement to acquire medical waste disposal company Stericycle (SRCL) in a deal valued at $7.2 billion including debt, sending the ...