Macquarie considering $775 million possible offer for UK's Renewi
Asset manager Macquarie said on Thursday it is considering a possible cash offer for London-listed Renewi (RWI.L) which would value the waste management firm at 636 million pounds (about $775 million). Renewi's shares gained as much as 44 per cent to touch a one-year high of 733 pence.
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Asset manager Macquarie said on Thursday it is considering a possible cash offer for London-listed Renewi (RWI.L) which would value the waste management firm at 636 million pounds (about $775 million). Renewi's shares gained as much as 44 per cent to touch a one-year high of 733 pence.
Macquarie's proposal of 775 pence per Renewi share made on September 25 was rejected by the company's board, the Australian firm said. In a statement, Renewi said it had considered the proposal in detail and believed it "fundamentally undervalues" the company.
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