Waste Management, Inc. reported its ongoing process to merge with Stericycle, Inc. As per the announced terms on June 3, 2024, Merger Sub, an indirect wholly-owned subsidiary of Waste Management, will merge with Stericycle, which will then continue as an indirect, wholly-owned subsidiary of Waste Management. The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act has expired, and antitrust clearances have been received from Portugal's Competition Authority and the UK's Competition and Markets Authority. Furthermore, the UK Investment Security Unit has approved the deal. Stericycle stockholders approved the merger on August 14, 2024. Waste Management anticipates completion in the fourth quarter of 2024, pending the satisfaction or waiver of remaining conditions, including clearances under the Canadian Competition Act, the Spanish Competition Act, and foreign investment laws of Spain.
Names mentioned: - Waste Management, Inc. - Stericycle, Inc. - Stag Merger Sub Inc. (Merger Sub) - Hart-Scott-Rodino Antitrust Improvements Act - Competition Authority (Autoridade da Concorrência) of Portugal - UK Competition and Markets Authority - UK Investment Security Unit - Canadian Competition Act - Spanish Competition Act