Source: Shutterstock
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

Cleanaway Waste Management Ltd (ASX:CWY) has quelled speculation of it being taken over by Seven Group Holdings Ltd (ASX: SVW), after media speculation on the acquisition sent the waste disposal giant’s shares soaring 15 percent to $3 – the highest in several years.

The buzz was sparked by a Bloomberg article which suggested that Seven had been seeking financing for a takeover proposal.

In a statement issued to the market on Wednesday, Cleanaway claimed that, it was ‘not in any discussions with SGH (Seven Group Holdings) in relation to any form of corporate transaction or otherwise, nor has it received an approach or offer from SGH’.

Cleanaway shares have been trading at $3.10c.

CWY by the numbers
More From The Market Online

Raiden ready to drill, with final heritage work ticked off at Andover North

Raiden has finalised heritage work across its Andover North project tenements, and is now preparing for…
The Market Online Video

Market Open: ASX200 set to rise as VIX hits 5-year-low

Good morning. It’s looking like a good start to the week on the futures market with…

Keystone US Navy supply chain firm picks up AML3D’s 3D-print tech

Defence-focused metals-based 3D printing tech company AML3D has confirmed a US Navy supplier has leased its…

Canberra greenlights Maximus for Korean firm’s 30% farm-in at Lefroy

Maximus Resources has received approval from Canberra for a Korean mining firm to farm-in for 30%…