Waste Disposal Firm Stericycle Is Said to Explore Sale

Stericycle Inc. is considering a potential sale after receiving takeover interest, people with knowledge of the matter said.

The Bannockburn, Illinois-based medical waste disposal company is working with a financial adviser as it weighs options, according to the people, who asked not to be identified discussing confidential information.

Stericycle’s stock has risen 3.8% in New York over the last 12 months, giving it a market value of $4.2 billion. The company could attract other medical waste management providers, as well as infrastructure funds, the people said.

Deliberations are ongoing and Stericycle could decide against pursuing a sale, the people said. ...