Waste Management to acquire Stericycle in $7.2 billion deal
Waste Management will buy Illinois-based waste-disposal company Stericycle in a deal valued at about $7.2 billion, the companies announced Monday. Under the agreement, WM will acquire all outstanding shares of Stericycle for $62 per share in cash. This represents the deal’s total value when including Stericycle’s net debt of around $1.4 billion. The per-share price also represents a 24% premium […]
IMF upgrades China’s GDP growth forecasts but warns of risks ahead
China’s economy is set to grow 5% this year, after a “strong” first quarter, the International Monetary Fund said on Wednesday, upgrading its earlier forecast of 4.6% expansion though it expects slower growth in the years ahead. The global lender’s new projections come as Beijing steps up efforts to shore up an uneven recovery in […]