Stericycle Rallies 15%+ on Takeover Speculation
$Stericycle(SRCL.US$ soared more than 15% Friday on word that the medical-waste-disposal firm is considering a possible sale after receiving unspecified takeover interest.
SRCL rose 15.4% to a $51.65 close after Bloomberg quoted unnamed sources late in the session as saying that the company had received a takeover approach from an unspecified bidder or bidders.
The news agency didn't identify the interested party or parties, but quoted sources as saying that those who might want the firm could include infrastructure funds or rival medical-waste companies.
Bloomberg said Stericycle – which didn't immediately comment on the matter -- is currently reviewing its options with a financial adviser.
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