One consortium advances in GFL Environmental sale process, per CTFN
FROM THE WIRE · SEEKINGALPHA.COM
[Environmental service truck in Toronto, Canada] typhoonski/iStock Editorial via Getty Images One of the two bidding consortia for GFL Environmental (GFL [https://seekingalpha.com/symbol/GFL]) has moved ahead in the waste-management company's sales process. Both of the consortia…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA possible sale of the Canadian waste company could move its shares and reflects private capital interest in the sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01One of two bidding consortia for GFL Environmental has advanced in the sale process.
- 02Some shareholders would accept a deal in the low $50s, while others push for nearer $60.
- 03GFL could also sell assets or launch a large share repurchase instead.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
GFL Environmental Inc.45.01 USD+0.82%today +0.74%Positive Blackstone Inc.110.52 USD-0.22%today +3.20%Neutral KKR & Co. Inc.89.22 USD-0.09%today +2.55%Neutral Brookfield Asset Management Ltd.45.98 USD-0.24%today +1.70%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets