GFL Nears $4.3 Billion Acquisition of Secure Waste

GFL Environmental is nearing a $4.3 billion deal to buy Secure Waste. The transaction is expected to consist of 20% cash and 80% stock at a 15% premium.

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Insights:

GFL ENVIRONMENTAL INC-SUB VT is reportedly nearing a deal to acquire SECURE WASTE INFRASTRUCTURE in a transaction valued at over C$6 billion ($4.33 billion). The proposed acquisition is expected to be structured as 20% cash and 80% stock, with a purchase price of approximately C$24.50 per share. This valuation represents a 15% premium over the target company's closing price on Friday.

A GFL Environmental Inc truck travels through a residential street in Toronto, Ontario, captured during a routine collection route in late 2019. REUTERS/Carlos Osorio/File Photo
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