Wed, Aug 14, 8:40 PM (153 days ago)
On August 14, 2024, Stericycle, Inc. held a special meeting to approve a merger agreement with Waste Management, Inc. Under the agreement, Stericycle will become an indirect wholly-owned subsidiary of Waste Management. A significant majority of shareholders (approximately 85.59%) participated, with 79,462,901 shares represented. Proposal No. 1, to adopt the merger agreement, received overwhelming support with 79,006,024 votes in favor, while Proposals No. 2 and No. 3, regarding the adjournment of the meeting and executive compensation, also passed with substantial majority votes. The approval of the merger is expected to impact Stericycle's financial position positively, although the specifics of the merger's financial implications were not detailed in the report. This event marks a significant corporate development for Stericycle, likely influencing its stock value and operational strategy moving forward.