Cleanaway in a $2.5b scrap for local Suez recycling assets – Sydney Morning Herald

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…

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