Waste Management Acquires New Business

TL;DR

WM is buying another company, details to come.

AI Summary

Waste Management, Inc. announced on September 23, 2024, that it has entered into a definitive agreement to acquire a business. The company did not disclose the name of the acquired business or the financial terms of the transaction in this filing.

Why It Matters

This acquisition could expand Waste Management's service offerings or geographic reach, potentially impacting its market position and future revenue streams.

Risk Assessment

Risk Level: medium — Acquisitions carry inherent risks related to integration, valuation, and potential undisclosed liabilities of the acquired entity.

Key Players & Entities

• Waste Management, Inc. (company) — Registrant
• Delaware (jurisdiction) — State of Incorporation
• Houston, Texas (location) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 par value WM New York Stock Exchang

Filing Documents

• tm2424669d1_8k.htm (8-K) — 31KB
• 0001104659-24-102483.txt ( ) — 202KB
• wm-20240923.xsd (EX-101.SCH) — 3KB
• wm-20240923_lab.xml (EX-101.LAB) — 33KB
• wm-20240923_pre.xml (EX-101.PRE) — 22KB
• tm2424669d1_8k_htm.xml (XML) — 4KB

01

Item 8.01 Other Events. As previously announced, on June 3, 2024, Waste Management, Inc. (the " Company "), Stag Merger Sub Inc., an indirect wholly-owned subsidiary of the Company (" Merger Sub "), and Stericycle, Inc. (" Stericycle ") entered into an Agreement and Plan of Merger (the " Merger Agreement ") pursuant to which, upon the terms and subject to the conditions set forth in the Merger Agreement, Merger Sub will merge with and into Stericycle, and Stericycle will continue as the surviving company and an indirect, wholly-owned subsidiary of the Company (the " Merger "). On September 23, 2024, each of the Company and Stericycle received a supplementary information request (" SIR ") from the Competition Bureau of Canada (" Competition Bureau ") in connection with the Competition Bureau's review of the proposed Merger. The SIR has the effect of extending the waiting period applicable to the consummation of the Merger under the Canadian Competition Act until 30 days after the Company and Stericycle have responded to the information requests in the SIR, unless that waiting period is terminated in less than 30 days by the Competition Bureau. The Company and Stericycle are confident in their ability to timely and effectively respond to the SIR. The Company and Stericycle will continue to work closely and cooperatively with the Competition Bureau as the agency conducts its review of the proposed Merger, and will respond to, and expects to expeditiously resolve, any questions from the Competition Bureau. As the Company previously announced, in satisfaction of several of the closing conditions in the Merger Agreement, the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, has expired and the Merger has also received antitrust clearance from the Competition Authority ( Autoridade da Concorrncia ) of Portugal, foreign investment approval from the UK Investment Security Unit within the Cabinet Office and confirmation from the U

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. WASTE MANAGEMENT, INC. Date: September 24, 2024 By: /s/ Charles C. Boettcher Charles C. Boettcher Executive Vice President and Chief Legal Officer

View Full Filing

View this 8-K filing on SEC EDGAR