Stericycle to buy Shred-It for $2.3 bln

Stericycle Inc. said Wednesday it has agreed to buy Shred-It International for $2.3 billion cash. Shred-It is backed by Birch Hill Equity Partners and Cintas Corp. Shred-It is an information security company providing information destruction services. Bank of America Merrill Lynch and Goldman, Sachs & Co. advised Stericycle.

DealsNorth AmericaUSBriefs