Advertisement
Singapore markets closed
  • Straits Times Index

    3,410.81
    -29.07 (-0.85%)
     
  • Nikkei

    40,912.37
    -1.28 (-0.00%)
     
  • Hang Seng

    17,799.61
    -228.67 (-1.27%)
     
  • FTSE 100

    8,203.93
    -37.33 (-0.45%)
     
  • Bitcoin USD

    56,422.41
    -1,812.74 (-3.11%)
     
  • CMC Crypto 200

    1,170.60
    -38.10 (-3.14%)
     
  • S&P 500

    5,567.19
    +30.17 (+0.54%)
     
  • Dow

    39,375.87
    +67.87 (+0.17%)
     
  • Nasdaq

    18,352.76
    +164.46 (+0.90%)
     
  • Gold

    2,399.80
    +30.40 (+1.28%)
     
  • Crude Oil

    83.33
    -0.55 (-0.66%)
     
  • 10-Yr Bond

    4.2720
    -0.0830 (-1.91%)
     
  • FTSE Bursa Malaysia

    1,611.02
    -5.73 (-0.35%)
     
  • Jakarta Composite Index

    7,253.37
    +32.48 (+0.45%)
     
  • PSE Index

    6,492.75
    -14.74 (-0.23%)
     

Waste Management nears deal to buy Stericycle for $7 billion, WSJ reports

(Reuters) - Waste Management is nearing a deal to buy medical waste disposal company Stericycle for roughly $7 billion, including debt, the Wall Street Journal reported on Sunday.

The acquisition of Bannockburn, Illinois-based Stericycle which has more than $1 billion of debt, could be announced as soon as Monday, the report added, citing people familiar with the matter.

Bloomberg reported last month that Stericycle was exploring a potential sale after receiving takeover interest, sending its shares up by more than 13%.

Stericycle and Waste Management did not immediately respond to Reuters' requests for comment on the report.

ADVERTISEMENT

Stericycle helps local clinics, surgery centers and hospitals dispose their biohazardous and pharmaceutical waste while Houston, Texas-based Waste Management is one of the largest U.S. trash and recycling collection companies.

(Reporting by Angela Christy in Bengaluru; Editing by Lisa Shumaker and Lincoln Feast.)