Australia's Cleanaway Waste Management Ltd. shares surged as much as 21% in Sydney after EQT's Sedum Group Pty Ltd. agreed to acquire the firm for approximately A$9.3 billion, including debt, marking a major M&A transaction in Australia. The deal, subject to shareholder and regulatory approval, involves Cleanaway paying shareholders a fully franked special dividend of A$0.145 to A$0.190 per share prior to implementation.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing