EQT offers $4.9B to acquire Australia’s Cleanaway Waste

EQT Infrastructure has offered to acquire Cleanaway Waste Management for A$3.13 per share in cash, valuing the Australian listed firm at approximately A$6.9 billion ($4.9 billion). This proposal represents a 32% premium over Cleanaway's recent closing price. The Cleanaway board recommends shareholders accept the offer and grants EQT nine weeks of exclusive access to its books to finalize a binding deal. Following the announcement, Cleanaway's shares surged more than 15%.