Business
Cleanaway in a $2.5b scrap for local Suez recycling assets – Sydney Morning Herald
The ASX-listed waste manager has got itself into a scrap with French waste giant Veolia Environnement by agreeing to buy Suez’s Australian recycling assets while…
Suez has given Veolia until April 20 to negotiate on the basis of its proposed solution, which involves a 20 per share takeover price – 2 more than Veolia has offered – and selling more than half the company to private equity, or until May 5 to make a bid for a full takeover at $22.50 per share.
Cleanaway said it first approached Suez in April last year about a potential deal.
Cleanway said that if its proposal survives the Veolia deal, it plans to raise equity to partially fund the purchase along…
-
Noosa News16 hours agoJazz sellout at The J
-
General15 hours agoAnne-Marie Te Whiu on new book of poetry, Mettle, and why she dedicated it to her younger self
-
Business9 hours agoGold price alert! Macquarie reveals its top ASX 200 gold stock as the metal hits all-time high
-
General13 hours agoNestle fires CEO after relationship with employee