Brief: Cleanaway Waste Management Receives Non-Binding Proposal From EQT To Buy 100% Of Shares
13/08/2026 02:32
BRIEF-Cleanaway Waste Management Receives Non-Binding Proposal From EQT To Buy 100% Of Shares Aug 13 (Reuters) - Cleanaway Waste Management Limited CWY.AX:
RECEIVES NON-BINDING PROPOSAL FROM EQT TO BUY 100% OF SHARES
EQT PROPOSES A$3.13 CASH PER SHARE FOR CLEANAWAY, LESS ANY DIVIDENDS
DEAL IMPLIES ENTERPRISE VALUE OF ABOUT A$9.4 BILLION
GRANTS EQT UP TO 9 WEEKS EXCLUSIVE DUE DILIGENCE
EXPECTS FY27 UNDERLYING EBIT OF A$500 MILLION-A$530 MILLION
DIRECTORS INTEND TO RECOMMEND SCHEME AT NO LESS THAN A$3.13 PER SHARE
CO AND EQT INFRASTRUCTURE ENTER DEAL PROCESS DEED FOR EXCLUSIVE DUE DILIGENCE
DEAL IMPLIES ENTERPRISE VALUE OF ABOUT A$9.4 BILLION
Further company coverage: CWY.AX