Waste Management Acquires New Business

Ticker: WM · Form: 8-K · Filed: 2024-09-24T00:00:00.000Z

Sentiment: neutral

Topics: acquisition, business-combination

Related Tickers: WM

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

FAQ

What is the name of the business Waste Management, Inc. is acquiring?

The filing does not disclose the name of the business being acquired.

What are the financial terms of the acquisition?

The filing does not disclose the financial terms of the acquisition.

When was the definitive agreement for the acquisition entered into?

The definitive agreement was entered into on September 23, 2024.

What is the primary purpose of this Form 8-K filing?

The primary purpose is to report an 'Other Event' related to the definitive agreement for an acquisition.

Does this filing provide details on the expected impact of the acquisition on Waste Management's financials?

No, this filing does not provide details on the expected financial impact of the acquisition.

From the Filing

0001104659-24-102483.txt : 20240924 0001104659-24-102483.hdr.sgml : 20240924 20240924171123 ACCESSION NUMBER: 0001104659-24-102483 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240923 ITEM INFORMATION: Other Events FILED AS OF DATE: 20240924 DATE AS OF CHANGE: 20240924 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WASTE MANAGEMENT INC CENTRAL INDEX KEY: 0000823768 STANDARD INDUSTRIAL CLASSIFICATION: REFUSE SYSTEMS [4953] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 731309529 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12154 FILM NUMBER: 241320834 BUSINESS ADDRESS: STREET 1: 800 CAPITOL STREET, STE 3000 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 7135126200 MAIL ADDRESS: STREET 1: 800 CAPITOL STREET, STE 3000 CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: USA WASTE SERVICES INC DATE OF NAME CHANGE: 19920703 8-K 1 tm2424669d1_8k.htm FORM 8-K false 0000823768 WASTE MANAGEMENT INC 0000823768 2024-09-23 2024-09-23 iso4217:USD xbrli:shares iso4217:USD xbrli:shares         SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549   FORM  8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   Date of Report (Date of earliest event reported): September 23, 2024   Waste Management, Inc. (Exact Name of Registrant as Specified in Charter)   Delaware   1-12154   73-1309529 (State or Other  Jurisdiction of  Incorporation)   (Commission File Number)   (IRS Employer Identification No.)   800 Capitol Street , Suite 3000 , Houston , Texas   77002 (Address of Principal Executive Offices)   (Zip Code)   Registrant’s Telephone number, including area code: ( 713 ) 512-6200      (Former Name or Former Address, if Changed Since Last Report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, $0.01 par value   WM   New York Stock Exchange   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   Emerging growth company ¨   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨           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,

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