June 3 (Reuters) - Waste Management and Stericycle:

* WM TO ACQUIRE STERICYCLE, A LEADER IN MEDICAL WASTE SERVICES, FOR $7.2 BILLION

* STERICYCLE INC: PROPOSED DEAL FOR $62.00 PER SHARE

* STERICYCLE INC: DEAL EXPECTED TO BE ACCRETIVE TO WM'S EARNINGS AND CASH FLOW WITHIN ONE YEAR OF CLOSE

* STERICYCLE INC: SYNERGY REALIZATION EXPECTED TO RESULT IN A POST-SYNERGY TRANSACTION MULTIPLE WELL BELOW WM'S CURRENT TRADING MULTIPLE

* STERICYCLE INC: WM INTENDS TO FINANCE TRANSACTION USING A COMBINATION OF BANK DEBT AND SENIOR NOTES

* STERICYCLE INC: TRANSACTION IS NOT SUBJECT TO A FINANCING CONDITION

* STERICYCLE INC: PROPOSED DEAL EXPECTED TO CLOSE AS EARLY AS Q4 OF 2024

* STERICYCLE INC: WM EXPECTS TRANSACTION TO GENERATE MORE THAN $125 MILLION IN ANNUAL RUN-RATE SYNERGIES

* STERICYCLE INC: WM EXPECTS TO TEMPORARILY SUSPEND SHARE REPURCHASES Source text for Eikon: Further company coverage: