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Cleanaway Waste Management Limited (ASX:CWY)

ALERT: Price-sensitive ASX Announcement for CWY
Current share price for CWY : $2.590 0.22 (9.28%)+
Announcement
Release
13 Aug 2026 7:45AM
Price at Release
$2.370
Full Release
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Summary
Cleanaway Waste Management Limited has announced receiving a non-binding proposal from EQT Infrastructure to acquire all of its shares at a price of $3.13 per share, subject to conditions including due diligence and regulatory approvals. This proposal includes an exclusive due diligence period of up to nine weeks and contemplates a potential special dividend for shareholders. The board has expressed an intention to recommend the proposal in the absence of any superior offer, contingent on it meeting certain conditions. Additionally, Cleanaway has provided an optimistic outlook for FY27, projecting an underlying EBIT between $500 million and $530 million.
Key Points
  • Cleanaway Waste Management Limited (CWY) has received a non-binding indicative proposal from EQT Infrastructure to acquire 100% of its shares.
  • The proposal offers a cash price of $3.13 per share, representing a premium to Cleanaway's recent share prices.
  • The proposal includes the possibility of a special dividend to deliver additional value to shareholders.
  • Cleanaway's Board has agreed to grant EQT exclusive due diligence for up to 9 weeks to negotiate a binding transaction.
  • The proposal's entry into a binding Scheme Implementation Deed (SID) is subject to several conditions, including completion of due diligence and regulatory approvals.
  • Cleanaway has outlined its FY27 financial outlook, expecting an underlying EBIT of $500 million to $530 million.
  • Cleanaway's management has appointed Barrenjoey and Macquarie Capital as joint financial advisers and Ashurst Perkins Coie as legal adviser for the transaction.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.