Stericycle rises after receiving clearance from UK authorities on Waste Management merger

Waste Management

06/09/2024 16:57

** 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

 (Reporting by Jaiveer Singh Shekhawat in Bengaluru)
 ((JaiveerSingh.Shekhawat@thomsonreuters.com;))