Welcome to our dedicated page for Waste Management news (Ticker: WM), a resource for investors and traders seeking the latest updates and insights on Waste Management stock.
Waste Management, Inc. (WM) is North America's leading provider of comprehensive environmental solutions, driving innovation in waste collection, recycling, and renewable energy generation. This page serves as the definitive source for tracking WM's latest corporate announcements, financial disclosures, and sustainability initiatives.
Investors and stakeholders will find timely updates on earnings reports, strategic partnerships, and operational developments that shape WM's position in the environmental services sector. Our curated news collection prioritizes material events impacting financial performance and industry leadership.
The repository includes press releases covering landfill innovations, recycling rate improvements, and community partnerships; financial filings detailing quarterly results and capital allocations; and operational updates on waste-to-energy projects and regulatory compliance achievements.
Bookmark this page for direct access to WM's official communications, maintained to support informed decision-making. Regularly updated content ensures you stay current with developments affecting one of North America's most essential environmental infrastructure providers.
Waste Management (WM) has announced its acquisition of Stericycle, a leading provider of medical waste services, for $7.2 billion, including $1.4 billion in net debt. The acquisition price of $62 per share represents a 24% premium to Stericycle's 60-day average price. This move significantly enhances WM's environmental solutions in the healthcare sector, aiming to achieve more than $125 million in annual synergies and be accretive to earnings and cash flow within one year.
WM plans to finance the acquisition through a combination of bank debt and senior notes. The acquisition is expected to close by Q4 2024, pending regulatory and shareholder approvals.
WM, listed on the NYSE under the ticker symbol WM, has announced a quarterly cash dividend of $0.75 per share. This dividend is scheduled to be paid on June 21, 2024, to shareholders who are on record as of June 7, 2024.
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