BUZZ-Stericycle rises after receiving clearance from UK authorities on Waste Management merger
Stericycle's shares rose 4.4% after receiving antitrust clearance from UK and Portuguese authorities for its merger with Waste Management Inc. The $4.2 billion deal, which aims to take Stericycle private, is now expected to be completed in Q4 2024, pending foreign investment approval. Year-to-date, Stericycle's stock has increased by 24.1%.
Shares of medical waste disposal company Stericycle (SRCL.O) rise 4.4% to $61.51
SRCL says merger with Waste Management Inc. (WM.N) has received antitrust clearance from the Competition Authority of Portugal and confirmation from the UK Competition and Markets Authority
Waste Management, in June, had said that it will take Stericycle private in a deal valued at $7.2 bln
The merger has also received foreign investment approval from the UK Investment Security Unit within the Cabinet Office and Stericycle now anticipates completing the merger as early as the fourth quarter of 2024
Including session’s move stock is up 24.1%, YTD
