EQT agrees to acquire Australia's Cleanaway Waste for $6.5 billion.

EQT AB's subsidiary has reached an agreement to acquire Australia's Cleanaway Waste Management Ltd. in a deal that values the company at approximately A$9.3 billion. After a period of share price weakness, Cleanaway becomes the latest Australian homegrown company to move into private ownership. Exchange filings submitted on Monday show that EQT's entity Sedum Group Pty Ltd will acquire all Cleanaway shares at a cash price of A$3.095 per share, subject to deduction of cash corresponding to subsequently declared dividends. The waste management company's board also plans to pay shareholders a fully franked special dividend ahead of the transaction's completion, in the range of A$0.145 to A$0.190 per share.