Private equity firm, Carlyle Group, is planning to bid for British waste management company, Shanks Group, The Wall Street Journal reports. Shanks rejected an $855 million offer from an unnamed private equity group, earlier this month.

The U.K. company will consider an offer of 150 pence a share, valuing the company at around $957.5 million. Shanks is backed by shareholders, Schroders Investment Management and Legal & General Investment Management, adds Financial Times.

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