Australia's Cleanaway hits near 1-month peak on EQT offer progress
14/09/2026 02:31
BUZZ-Australia's Cleanaway hits near 1-month peak on EQT offer progress ** Shares of Cleanaway Waste Management CWY.AX rise as much as 4.7% to A$2.69 in early trade, their highest since August 17
** Stock books largest intraday pct jump since mid-August
** Waste management firm says bidder EQT Infrastructure is continuing to progress its confirmatory due diligence
** Adds both co and EQT are working towards negotiation and execution of implementation deed
** Cleanaway in August said that it would grant EQT AB-managed EQTAB.ST EQT Infrastructure exclusive due diligence after receiving an A$9.4 billion ($6.72 billion) takeover offer
** Stock up 4.1% YTD, including the day's moves
($1 = 1.3990 Australian dollars)
(Reporting by Nikita Maria Jino in Bengaluru)