Waste Administration (NYSE:WM) is nearing a deal to buy Stericycle (SRCL) for ~$7B together with debt, with an announcement coming as quickly as tomorrow, The Wall Road Journal reported late Sunday.
Waste Administration (WM) believes an acquisition of Stericycle (SRCL) would complement its operations and provides it a deeper foothold within the medical waste disposal sector, in response to the report.
Stericycle (SRCL) shares closed Friday at $51.54, giving the corporate a market worth of ~$4.8B; its inventory surged by ~15% when Bloomberg reported recently that the corporate had obtained unspecified takeover curiosity.