Reported 5 months ago
Stericycle Inc., a medical waste disposal company based in Bannockburn, Illinois, is exploring a potential sale after receiving takeover interest. The company's shares saw their largest gains in over four years, closing up 15% to $51.65 in New York, giving Stericycle a market value of around $4.8 billion. Stericycle is working with a financial adviser to consider its options, which may include attracting other medical waste management providers or infrastructure funds. However, deliberations are ongoing, and Stericycle could ultimately decide against pursuing a sale.
Source: YAHOO