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Stericyle Stock Rises As Its Purchase By Waste Management Clears Regulatory Hurdles -- MarketWatch

MarketWatch·09/06/2024 12:47:00
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Medical-waste handler Stericycle Inc.'s stock (SRCL) was up 4.5% on volume of more than 1.6 million shares in premarket trading on Friday after the company said the Federal Trade Commission waiting period for its June 3 merger with Waste Management Inc. (WM) expired. The deal also won antitrust clearance in the U.K. and Portugal. Stericycle said it expects to complete the merger as early as the fourth quarter after it receives additional antitrust clearance in Canada and Spain. Waste Management said in June it planned to pay $62 a share for Stericycle in a deal that values the Bannockburn, Ill.-based company at about $7.2 billion including debt. Along with medical waste disposal, Stericycle also specializes in secure information destruction.

-Steve Gelsi

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September 06, 2024 08:47 ET (12:47 GMT)

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