Stericycle Inc

SRCL: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$45.00	Dxvwj	Nsgzshrf

Stericycle: Acquisition by Waste Management Could Close in Q4 as Key Regulatory Hurdle Cleared

Brian Bernard

Sep 6, 2024

Shares of narrow-moat-rated Stericycle rose more than 4% in Sept. 6 intraday trading, nearing Waste Management’s $62 per share acquisition bid, after Stericycle announced that the 30-day waiting period associated with the Hart-Scott-Rodino Act (that is, US antitrust legislation) had expired. Stericycle said the acquisition has already cleared regulatory hurdles in Portugal and the UK but awaits approval in Canada and Spain. Management continues to expect the acquisition to close as early as the fourth quarter. See our June 3 analyst notes for Stericycle and WM for more details on this deal.

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