WM (WM) is nearing a deal to acquire Stericycle (SRCL) for roughly $7B including debt, Lauren Thomas of Wall Street Journal reports, citing people familiar with the matter. The acquisition could be announced as soon as Monday, sources told the Journal. Stericycle shares closed Friday at $51.54, giving the company, which has more than $1B in debt, a market value of about $4.8B, the paper points out.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SRCL:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue