EQT agrees to acquire Cleanaway Waste in $6.5B deal

Cleanaway Waste Management's stock surged nearly 20% to A$2.960 on Monday after the company announced a binding deal to be acquired by Sweden’s EQT Infrastructure. The deal values the Australian waste management giant at approximately A$9.3 billion, with EQT’s Sedum Group Pty Ltd acquiring 100% of Cleanaway’s shares for A$3.095 cash per share.

The board unanimously recommended that shareholders vote in favor of the deal, pending no superior proposal and an independent expert concluding the transaction benefits shareholders.

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