Waste Management Nears $7 Billion Deal for Stericycle, WSJ Says

Waste Management Inc. is close to a deal to buy medical-waste disposal company Stericycle Inc. for about $7 billion, the Wall Street Journal reported.

The announcement may come as soon as Monday, the Journal said, citing people with knowledge of the matter.

Representatives for Houston-based Waste Management, one of the largest trash haulers in the US, and Stericycle didn’t immediately return messages from Bloomberg late Sunday.

Bloomberg reported last month that Bannockburn, Illinois-based Stericycle was considering a potential sale after receiving takeover interest.

Stericycle works to remove sensitive and hazardous waste material from hospitals, care centers and veterinary clinics across ...