BIN - Bingo Industries

[Dona Ferentes]

from the AFR, 17 Dec
So who's buying? Someone building, creeping up to 5% but as a potential acquirer, or a blocker? If the gossip has been out there for a few weeks, then there probably is a bit of opportunistic acquiring of a stake.

and this came out after close:


A consortium led by Australian private equity firm CPE Capital has made a $2 billion-plus bid to buy waste collections and recycling group Bingo Industries.

It is understood CPE Capital and its partners, believed to include an infrastructure fund run by Macquarie Group, made a formal offer to acquire Bingo in December and have held advanced talks with the company.

Announcement tomorrow???

 

[Trav.]

BIN left stranded on my watch list.

Opened up at $3.30 some +20% on yesterdays close.

 

[Dona Ferentes]

BIN left stranded on my watch list.

Opened up at $3.30 some +20% on yesterdays close.

and a "highly conditional $3.50 per share cash buyout proposal"....

Seen enough of these to not worry. Either you hold the company because is it basically sound, likely to grow and look after shareholders, or you don't.

 

[Trav.]

Either you hold the company because is it basically sound, likely to grow and look after shareholders, or you don't.

I was just disappointed that it came up on my scan, backed up with some good intel from @Dona Ferentes and I just put it on the watchlist....? and meanwhile .... well you know the story.

 

[System]

On August 6th, 2021, Bingo Industries Limited (BIN) was removed from the ASX's Official List in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between BIN and its shareholders in connection with the acquisition of all the issued capital in BIN by Recycle and Resource Operations Pty Limited, an entity majority owned by Macquarie Infrastructure and Real Assets and its managed funds.