Latest Eqt Takeover News

Cleanaway has told ASX it knows of no undisclosed information behind a sharp intraday share-price fall. The company said it will provide another update on EQT’s proposed takeover before trading begins on 19 October.

EQT Infrastructure has reaffirmed its commitment to acquire Cleanaway on the existing proposal terms, while due diligence and implementation deed negotiations continue. The exclusivity period now runs until 7am on 19 October, but no binding transaction has been agreed.

EQT Infrastructure has reaffirmed its intention to pursue a takeover of Cleanaway at no less than its indicative offer price, clearing another hurdle in the non-binding process. The parties are now working towards an implementation deed, but a binding transaction remains uncertain.

Cleanaway has received a $3.13 per share non-binding acquisition proposal from EQT Infrastructure, representing a 32% premium. The board has granted exclusive due diligence and signalled its intention to recommend the deal, subject to conditions and no superior offer emerging.