Waste Management Receives Canadian Competition Bureau Approval for Merger with Stericycle

Waste Management, Inc. (NYSE: WM) has recently obtained the required approval from the Competition Bureau of Canada for its proposed merger with Stericycle, Inc. As per the Agreement and Plan of Merger signed on June 3, 2024, Waste Management’s subsidiary Merger Sub will merge into Stericycle, with Stericycle continuing as the surviving company and becoming an indirect, wholly-owned subsidiary of Waste Management.

With the clearance received from the Canadian Competition Act on October 30, 2024, all prerequisites related to antitrust regulations and foreign direct investment laws have been met, in line with the conditions outlined in the Merger Agreement. Barring any unforeseen circumstances, Waste Management, Merger Sub, and Stericycle anticipate finalizing the merger on November 4, 2024.

Regarding the disclosure made in Item 7.01 of the report, it’s important to note that this information will not be integrated by reference into any filings by the company, regardless of the timing of such filings, unless expressly referred to. Additionally, the contents of this report are not to be considered “filed” for the provisions of Section 18 of the Securities Exchange Act of 1934, nor are they subject to the liabilities of that section.

The document further includes a cautionary note on forward-looking statements related to the merger process. These statements are made with respect to the safe harbor provisions of the US federal securities laws, highlighting risks and uncertainties which could lead to variations in actual results compared to the forward-looking statements provided.

It is advised that caution should be exercised when considering these forward-looking statements, taking into account the circumstances and data available to Waste Management at the time of statement. Risks and uncertainties that could impact the outcome of the merger include economic and market conditions, regulatory approvals, closure conditions, termination events, legal implications, unexpected costs, and other factors as detailed in the filings with the U.S. Securities and Exchange Commission.

Waste Management and Stericycle, through this agreement, do not have any obligation unless required by law to update or revise any forward-looking statements, inclusive of financial estimates and forecasts, following future events, developments, or circumstances.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Waste Management’s 8K filing here.

About Waste Management

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.