BINGO intends to declare special dividend of A$0.117 a share MIRA offers BINGO shareholders two alternative deal structures (Rewrites throughout with shares, background and details)
April 27 (Reuters) - Australian waste management firm BINGO Industries Ltd agreed on Tuesday to a A$2.3 billion ($1.79 billion) buyout by funds managed by Macquarie Group , sending its shares to a more than 14-month high.
The waste management industry has seen a flurry of deals lately, including a 13-billion-euro ($15.71 billion) merger of global giants Veolia and Suez, and Cleanaway Waste Management’s acquisition of certain Sydney-based assets of Suez for A$501 million.
In Australia, the government has directed investment towards the recycling and waste management industry ahead of a 2024 ban on the export of unprocessed waste plastic, paper, glass and tyres, hoping to create thousands of new jobs.