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Wintrust Business Minute: Waste Management buys Bannockburn-based Stericyle

 
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Manage episode 421839065 series 3035618
Content provided by wgnradio.com. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by wgnradio.com or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Steve Grzanich has the business news of the day with the Wintrust Business Minute.

A Chicago-area medical waste disposal company is being purchased by a powerhouse trash hauler. Waste Management is buying Bannockburn-based Stericycle for $7.2 billion and will acquire all of its outstanding shares and $1.4 billion in debt. It’s one of the biggest-ever acquisitions in the waste management sector. The deal comes after reports last month that Stericyle was considering a sale. Waste Management was founded in Chicago but moved to Houston in 1998 when it merged with USA Waste Services. This deal is expected to close in the 4th quarter of the year but needs regulatory approval and the approval of Stericycle’s investors.

Also, Deere & Co. says it will cut employees in global production and salaried workforce. Listen for more below:

  continue reading

101 episodes

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iconShare
 
Manage episode 421839065 series 3035618
Content provided by wgnradio.com. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by wgnradio.com or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Steve Grzanich has the business news of the day with the Wintrust Business Minute.

A Chicago-area medical waste disposal company is being purchased by a powerhouse trash hauler. Waste Management is buying Bannockburn-based Stericycle for $7.2 billion and will acquire all of its outstanding shares and $1.4 billion in debt. It’s one of the biggest-ever acquisitions in the waste management sector. The deal comes after reports last month that Stericyle was considering a sale. Waste Management was founded in Chicago but moved to Houston in 1998 when it merged with USA Waste Services. This deal is expected to close in the 4th quarter of the year but needs regulatory approval and the approval of Stericycle’s investors.

Also, Deere & Co. says it will cut employees in global production and salaried workforce. Listen for more below:

  continue reading

101 episodes

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