July 15, 2015 / 8:35 PM / 3 years ago

Waste disposal firm Stericycle to buy Shred-it for $2.3 billion

(Reuters) - Waste disposal company Stericycle Inc (SRCL.O) said it would buy privately held Shred-it International, a secure information destruction services provider, for $2.3 billion in cash.

The deal is expected to add at least 10 percent to cash earnings per share by 2016, rising to the mid-to-high teens in 2018, the companies said in a statement.

Reporting by Supantha Mukherjee in Bengaluru; Editing by Simon Jennings

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