Medical waste disposal firm Stericycle is exploring a sale, Bloomberg News reports (updated)

Stericycle

24/05/2024 20:34

(Adds share movement in paragraph 2, details in paragraphs 3 &
4)
       May 24 (Reuters) - Medical waste disposal firm
Stericycle  SRCL.O  is considering a potential sale after
receiving takeover interest, Bloomberg News reported on Friday,
citing people with knowledge of the matter.
    Shares of the Bannockburn, Illinois-based company rose 13%. 
        The company is working with a financial adviser as it
weighs options, with deliberations ongoing and Stericycle could
decide against pursuing a sale, according to the report.
        The company helps local clinics, surgery centers and
hospitals dispose their biohazardous and  pharmaceutical waste. 
  
    Stericycle did not immediately respond to a Reuters request
for comment.

 (Reporting by Sneha S K in Bengaluru; Editing by Shailesh
Kuber)
 ((Sneha.SK@thomsonreuters.com;))