Waste Management to Acquire Stericycle for $5.8 Billion (2)

Waste Management Inc., North America’s largest waste recycling firm, agreed to buy medical-waste disposal company Stericycle Inc. for about $5.8 billion in cash.

Stericycle, based in Bannockburn, Illinois, provides medical waste and compliance services as well as secure information destruction services.

The deal marks one of the biggest acquisitions in the waste management sector, and will strengthen Waste Management’s position as the largest trash hauler in the US. The Houston-based company has bought several other disposal firms over the past few years, including Anderson Rubbish Disposal and Advanced Disposal.

Waste Management will pay $62 per share of Stericycle, ...