Waste Management Completes Asset Acquisition

Ticker: WM · Form: 8-K · Filed: 2024-11-04T00:00:00.000Z

Sentiment: neutral

Topics: acquisition, assets

TL;DR

WM just bought some assets, deal closed Nov 4.

AI Summary

Waste Management, Inc. announced on November 4, 2024, the completion of its acquisition of certain assets from an unnamed seller. The filing does not disclose the specific dollar amount of the transaction or the identity of the seller, but it confirms the completion of the asset acquisition.

Why It Matters

This acquisition signifies Waste Management's continued expansion and integration of new assets, which could impact its market share and operational efficiency in the refuse systems sector.

Risk Assessment

Risk Level: low — The filing reports a completed asset acquisition without significant financial details or potential liabilities disclosed, indicating a routine business event.

Key Players & Entities

FAQ

What specific assets were acquired by Waste Management, Inc.?

The filing does not specify the exact nature or type of assets acquired.

What was the total dollar amount of the acquisition?

The filing does not disclose the purchase price or any financial details of the transaction.

Who was the seller in this asset acquisition?

The identity of the seller from whom Waste Management, Inc. acquired the assets is not disclosed in the filing.

When did the asset acquisition officially close?

The acquisition of assets was completed on November 4, 2024.

What is the primary business of Waste Management, Inc. according to the filing?

Waste Management, Inc. is primarily involved in Refuse Systems, as indicated by its Standard Industrial Classification code (4953).

From the Filing

0001104659-24-113690.txt : 20241104 0001104659-24-113690.hdr.sgml : 20241104 20241104085917 ACCESSION NUMBER: 0001104659-24-113690 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20241104 ITEM INFORMATION: Completion of Acquisition or Disposition of Assets ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20241104 DATE AS OF CHANGE: 20241104 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: 241421001 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 tm2427004d3_8k.htm FORM 8-K false 0000823768 WASTE MANAGEMENT INC 0000823768 2024-11-04 2024-11-04 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): November 4, 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. ¨           Introductory Note   On November 4, 2024 (the “Closing Date”), Stag Merger Sub Inc. (“Merger Sub”), a Delaware corporation and wholly owned indirect subsidiary of Waste Management, Inc. (the “Company”), a Delaware corporation, merged with and into Stericycle, Inc. (“Stericycle”), a

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