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Thursday, 17 Jan 2019
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Pardon the pun but Bingo Industries (BIN) has been trashed of late and we think that has created an opportunity.

The company came out last year with the proposed $578m takeover of Dial-a-Dump (DaD). The deal looked good, with the company seemingly poised to continue its successful roll-up strategy and take another big chunk of market share. That’s where the party ended. The ACCC essentially scuppered the deal given the similarities between Bingo and DaD, in that they both deal with commercial and industrial, and building and demolition waste collection and processing. The worry is that decreased competition will lead to a monopoly and higher prices for customers.

As noted earlier, BIN was in the news this morning offering to sell its South Sydney processing

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