GFL Environmental Inc., the fourth-largest waste company in North America, has become a potential acquisition target for Waste Management Inc. (WM), according to Reuters. GFL has hired JPMorgan Chase & Co. to evaluate different offers. Amidst ongoing rumors of a possible takeover that started on June 5, GFL announced on June 6 the successful pricing of $500 million in senior notes at 6.625% due 2032 in an oversubscribed offering. The announcement of the notes has led to speculation that it might be a strategy to flush out a deal.
GFL Environmental Inc. successfully priced $500M senior notes at 6.625% due 2032 in an oversubscribed offering. #GFL #environmental #finance
There's a new great writer on Canadian companies and investing. This was an excellent piece digging into some circulars to find what many are unaware of or have overlooked. https://t.co/4puVA9TcZO
I’ve been obsessed for days with not just the quality of a “leak” regarding the possible takeover of GFL Environmental GFL 0.00%↑, the fourth-largest waste company in North America, but the who, what, when where and especially… why? The leaks started Monday, and by yesterday… https://t.co/o8bKP5guOD
So, rumors float for days that $GFL is about to sell all or part of itself. Today the co announces it's selling notes. Who knows what's REALLY going on - maybe the notes announcement is a way to flush out a deal. This is why I've been obsessed with the QUALITY and who, what,… https://t.co/7J5QpzXHCN
$GFL may be new target for $WM (Reuters). The company has hired $JPM to evaluate different offers...