The Cleanaway Waste (ASX:CWY) share price is at a new 52-week high
Sebastian Bowen | April 30, 2021 4:22pm |
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Cleanaway Waste Management Ltd(ASX: CWY) share price has today made a new 52-week high. Cleanaway shares opened at $2.77 this morning after closing at $2.78 yesterday. But following a short dip soon after open, Cleanway rocketed higher and hit the new benchmark of $2.84 a share. The shares are still trading roughly at that level at the time of writing at $2.83, up 2.17% for the day.
Cleanaway Waste has had an extremely good month, and year, which has culminated in today’s news. The company was going for just $1.87 a share 12 months ago, and $2.20 at the start of the month. That puts the Cleanaway share price gains at 51% and 28.6% respectively. Over the past 5 years, the performance has been even more rewarding for shareholders. Since May 2016, Cleanaway shares are up more than 258%, not including dividend returns.
Cleanawayâs $2.5bn uncertain offer for Suez assets Cleanaway has agreed to pay $2.5bn for Suezâs local assets in a deal that is likely to eventuate only in the second half of the year, if at all.
Business by Valerina Changarathil
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Subscriber only ASX-listed waste management giant Cleanaway will pay $2.5bn for French group Suez s Australian recycling and recovery business in a deal marred by uncertainty due to the latter s fightback against a hostile takeover by larger rival and shareholder Veolia. Cleanaway told investors it had entered into a deal with Suez on April 5, which is subject to an equity raising and other conditions, including a possible termination if Suez is taken over.
Cleanawayâs $2.5bn uncertain offer for Suez assets Cleanaway has agreed to pay $2.5bn for Suezâs local assets in a deal that is likely to eventuate only in the second half of the year, if at all.
Business by Valerina Changarathil
Premium Content
Subscriber only ASX-listed waste management giant Cleanaway will pay $2.5bn for French group Suez s Australian recycling and recovery business in a deal marred by uncertainty due to the latter s fightback against a hostile takeover by larger rival and shareholder Veolia. Cleanaway told investors it had entered into a deal with Suez on April 5, which is subject to an equity raising and other conditions, including a possible termination if Suez is taken over.
Cleanaway in a $2.5b scrap for local Suez recycling assets
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Cleanawayâs $2.5 billion bid for the Australian recycling assets of Suez Groupe has set up a major scrap with the $20 billion waste giant Veolia Environnement which said it would legally challenge any deal that could derail its bid for Suezâs French parent.
Cleanaway, the $5 billion ASX-listed waste management company, announced the proposal on Tuesday, one month after it first confirmed its interest in the Australian operations of Suez.
Veolia announced its plan to take over Suez in October last year when it acquired a 29.9 per cent stake in the French company. Cleanawayâs bid has inflamed tensions with Veolia.