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EQT TO BUY AUSTRALIA'S CLEANAWAY FOR $9.3 BILLION

EQT TO BUY AUSTRALIA'S CLEANAWAY FOR $9.3 BILLION

EQT Infrastructure signed a binding scheme implementation deed to take over Cleanaway Waste Management, Australia's listed waste-handling company, in a transaction valuing it at roughly $9.3 billion including debt. Shareholders will receive $3.05 cash per share, plus the chance of a special dividend, a price that carries a 34.5% premium to Cleanaway's three-month average share price before EQT's approach became public in August. $CWY now moves toward a scheme vote expected by the end of February.

@55 Markets·1h ago·Source: capitalbrief.com
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Written and verified by @55 Markets from the linked source. Not investment advice.