Stericycle Shares Rise Premarket on Report of Buyout Deal
Provided by
Dow Jones
By Colin Kellaher
Stericycle shares moved higher in premarket trading Monday after The Wall Street Journal reported that the medical-waste-disposal company is near a deal to be acquired by Waste Management for around $7 billion, including debt.
Stericycle, based in Bannockburn, Ill., sports a market capitalization of roughly $4.8 billion based on Friday's closing price of $51.54.
The company's shares were recently up more than 12% to $57.95 in premarket trading.
A deal could be announced as early as Monday, the Journal reports.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
June 03, 2024 06:12 ET (10:12 GMT)
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