• Jul. 15, 2015, 4:36 PM
    • Stericycle (NASDAQ:SRCL) agrees to acquire privately-held paper shredding provider Shred-It International for $2.3B in cash.
    • SRCL says it expects the deal to be accretive to cash EPS by at least 10% in 2016 and in the mid-to-high teens in 2018, with cost synergies of at least $20M-$30M by 2018.
    • Ontario-based Shred-It had planned to raise ~C$600M in an IPO that was expected to be Canada’s largest this year.
    Jul. 15, 2015, 4:36 PM | 1 Comment