The following email was sent by Cindy J. Miller, President and Chief Executive Officer of Stericycle,
Inc., to all employees on June 3, 2024.
SUBJECT: Important Announcement
Dear Stericycle Team Members,
For 35 years, Stericycle has
protected what matters. Weve helped healthcare organizations and commercial businesses safely and compliantly manage materials that could otherwise spread disease, harm the environment, or compromise ones identity. Through the syringe
tide, outbreaks, natural disasters, the opioid epidemic, and even a global pandemic, weve been trusted to safeguard the health and well-being of the people and places around us. As we look ahead, I am pleased to share some important and
exciting news about our future.
Moments ago, we publicly announced that Stericycle has agreed to be acquired by WM, one of North Americas leading
providers of comprehensive environmental solutions, for $62.00 per share in cash. Here is a link to the press release that was issued this morning.
https://investors.stericycle.com/news-releases/news-release-details/wm-acquire-stericycle-leader-medical-waste-services-72-billion
Headquartered in
Houston, Texas, WM provides collection, recycling, disposal, and sustainability services to millions of municipal, residential, and corporate customers across the U.S. and Canada.
Our Future with WM
Our company has been on a tremendous
journey over the past five years. Through your hard work and dedication, we have transformed our business into a stronger, healthier company. I want to thank you for your efforts. As we look ahead, the Board and I are confident that this is an
exciting next phase in Stericycles continuing journey.
First, it will enhance our customer value proposition and enable us to provide more
diversified services and solutions. Stericycles business will be integral to WMs waste management ecosystem and enhance our ability to meet the needs of customers of all sizes. It also creates opportunity for our customers in North
America to partner with a single environmental solutions provider, decreasing vendor complexity and environmental impact, while driving efficiencies for customers. Additionally, as a larger company with greater resources, WM will bolster our
capacity and drive innovation that will provide us with the opportunity to enhance the customer experience.
Our international customers care deeply about
sustainability, something WM is strongly committed to. With their leadership in sustainability and renewables, we expect our service offerings and expertise will help all customers achieve their sustainability goals.
Second, it provides opportunities for you our team members as part of a larger,
best-in-class organization that is committed to investing in and supporting our people. WM believes that your knowledge and skills will be valuable as they expand their
environmental services and solutions.
And finally, this transaction delivers significant value to our shareholders, including those of you who own
Stericycle stock.