Waste Management, Inc. (WM)
Pre-market:
- Yahoo Finance Video
May's PMI data and OPEC's production cuts: Catalysts
On today's episode of Catalysts, co-hosts Seana Smith and Madison Mills delve into various pivotal market developments, dissecting the ISM's manufacturing PMI data for the month of May, oil price dynamics (CL=F, BZ=F), and the top trending stocks. The Institute for Supply Management's (ISM) manufacturing Purchasing Managers' Index report revealed a slight decline in May. Saxo Bank Chief Global Equity Strategist Peter Garnry joins the show to provide insights on how markets are digesting this print and its implications for future interest rate cuts by the Federal Reserve. Meanwhile, OPEC+ extended its oil production cuts until 2025. Bob McNally, the founder and president of Rapidan Energy, joins the show to discuss the impact of this decision and delve into the macroeconomic factors currently influencing oil prices. Shifting gears, the show dives into the stock reactions of Yahoo Finance's top trending stocks, including tech titan Nvidia (NVDA), music streaming platform Spotify (SPOT), and aviation giant JetBlue (JBLU). This post was written by Angel Smith
- Yahoo Finance Video
Waste Management set to acquire Stericycle in $7.2B deal
Waste Management (WM) is set to acquire of Stericycle (SRCL) in a deal valued at $7.2 billion. This strategic transaction marks Waste Management's foray into the medical waste management space. Yahoo Finance's Seana Smith and Madison Mills break down the stock reactions of each company after this announcement. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
- Business Wire
WM to Acquire Stericycle, a Leader in Medical Waste Services, for $7.2 Billion
HOUSTON & BANNOCKBURN, Ill., June 03, 2024--Waste Management, Inc. (NYSE: WM) and Stericycle (NASDAQ: SRCL) announced today that they have entered into a definitive agreement under which WM will acquire all outstanding shares of Stericycle for $62.00 per share in cash, representing a total enterprise value of approximately $7.2 billion when including approximately $1.4 billion of Stericycle’s net debt. The per share price represents a premium of 24% to Stericycle’s 60-day volume weighted average
