UPDATE 2-Australia's BINGO Industries agrees to $1.8 bln buyout by Macquarie funds [Reuters]
Macquarie Infrastructure Holdings, LLC Common Unit (MIC)
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Source: Reuters
UPDATE 2-Australia's BINGO Industries agrees to $1.8 bln buyout by Macquarie funds By Reuters Staff 3 Min Read * Shares jump up to 7.2% in heavy trade, hit over 14-month high * 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 p
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