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Covanta Holding Corp., the world’s biggest operator of waste-to-energy facilities, said Wednesday it has agreed to be acquired by EQT Infrastructure for $20.25 a share in cash in a deal valued at $5.3 billion. The price is equal to a 37% premium over Covanta’s unaffected share price of $14.78 on June 8, the day before deal speculation sent it higher.
...read full article on Market Watch
