Morningstar sees 50% probability of EQT's $6.6 billion Cleanaway takeover going through
BUZZ-Morningstar sees 50% probability of EQT's $6.6 billion Cleanaway takeover going through ** Morningstar maintains fair value estimate for Australia's Cleanaway Waste ManagementCWY.AX at A$2.80 per share
** Assumes a 50% probability of EQT Infrastructure's A$9.4 billion takeover offer going ahead
** Belives EQT's continued interest following four weeks of due diligence is 'comforting'
** If deal does not go through, Morningstar says will revert fair value estimate to A$2.50 per share
** EQT had flagged to co that it wants to proceed with the potential transaction at no less than an indicative offer price of A$3.13 per share, which is a 32% premium over closing price before the deal was known
** 9 analysts on average recommend 'buy', with median PT A$3.10 - data compiled by LSEG
**YTD, CWY shares up 2.7% as of last close of A$2.660
(Reporting by Nichiket Sunil in Bengaluru)
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