The significant news in the waste management industry revolved around
Waste Management (WM) and its consolidation efforts. WM is set to
acquire Stericycle, a leader in medical waste services, in a deal worth
$7.2 billion. This will add a medical waste portfolio to WM's services. Despite the market going through broader dips, WM has managed to surpass market returns and record gains. The company's impressive financial performance in the recent quarters, including Q1 & Q4 2023 as well as Q1 2024, has spurred share accumulation by both Rafferty Asset Management and Capital International Investors. WM is also expected to deliver record profits for the financial year 2024. On the sustainability front, WM's acquisition of Stericycle is set to boost its
environmental, social, and governance (ESG) efforts. Moreover, the company has maintained robust institutional backing, with institutional shareholders owning up to 83% of the company.
Waste Management WM News Analytics from Thu, 25 Jan 2024 08:00:00 GMT to Sun, 09 Jun 2024 14:09:15 GMT -
Rating 2
- Innovation 8
- Information 9
- Rumor 1
