Macquarie Consortium Bids $1.8 Billion for Waste Firm Bingo (1)

Investors including Macquarie Group Ltd. offered A$2.29 billion ($1.8 billion) for Bingo Industries Ltd. to gain a network of recycling and waste-management facilities in Australia.

A consortium that comprises Australian buyout firm CPE Capital and Macquarie Infrastructure and Real Assets bid A$3.50 in cash for each Bingo share, Bingo said in a statement Tuesday. That’s 28% higher than Monday’s close.

For more details of the offer, click here

Bingo is considering the offer and “discussions and due diligence with the consortium have been ongoing,” the company said in its statement. At the same time, there’s no certainty of a deal, ...