Cleanaway jumps most in 15 years on opening books for EQT's $6.6 billion bid
13/08/2026 06:42
BUZZ-Cleanaway jumps most in 15 years on opening books for EQT's $6.6 billion bid ** Shares of Cleanaway Waste Management CWY.AX rise as much as 16.9% to A$2.77, their highest since October 20, 2025
** Stock notches largest intraday pct jump since late October 2011
** Waste management firm grants due diligence to EQT Infrastructure, managed by Swedish investment firm EQT AB
** EQT offers to buy all shares in Cleanaway at an enterprise value of A$9.4 billion ($6.63 billion)
** Offer price at A$3.13 per share, a 32% premium to stock's last close
** More than 55.5 million shares change hands, 5.5 times the 30-day average
** Stock up 6% YTD, including the day's moves
($1 = 1.4182 Australian dollars)
(Reporting by Nikita Maria Jino in Bengaluru)