Australia's Cleanaway hits over two-year high after company agrees to EQT buyout
Mon 01:23
BUZZ-Australia's Cleanaway hits over two-year high after company agrees to EQT buyout ** Shares of Cleanaway CWY.AX surge as much as 21.1% to A$2.99, their highest level since August 21, 2024
** Stock set for its best session since October 31, 2011, if current trends hold
** The waste management company agreed to be bought by Swedish private equity group EQT EQTAB.ST, in a deal that valued the company at A$9.3 billion ($6.48 billion), including debt
** Scheme expected to be implemented by the end of March 2027
** YTD, stock up 14.3%
($1 = 1.4355 Australian dollars)
(Reporting by Tejas Harish in Bengaluru)