Morningstar sees 50% chance of EQT's $6.6bn Cleanaway takeover
Morningstar maintains its fair value estimate for Cleanaway Waste Management at A$2.80 per share, assuming a 50% probability of EQT Infrastructure's A$9.4 billion takeover offer succeeding. The firm believes EQT's continued interest after due diligence is 'comforting'. If the deal fails, Morningstar expects the fair value estimate to revert to A$2.50 per share.
4 billion takeover offer proceeds. The broker said EQT's continued interest after four weeks of due diligence was "comforting". 50 per share. 13 per share, a 32% premium to the closing price before the deal was known.
10. 660.