Cleanaway Waste Management Says EQT Reaffirms Commitment to Proposed Takeover
MT Newswires Live
Oct 05
Cleanaway Waste Management (ASX:CWY) said EQT Infrastructure has reaffirmed its commitment to acquire 100% of the company after due diligence found no material issues, with the bidder also confirming it has no intention of reducing its indicative offer terms, according to a Monday Australian bourse filing.
EQT remains committed to making an offer at or above the indicative price and aims to sign an implementation deed before the exclusivity period expires, the filing said.
Confirmatory due diligence and negotiations are ongoing, but there is no guarantee that the proposal will become binding or ultimately proceed, the filing added.
The waste management company's shares gained 1% in recent Monday trade.
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