Image courtesy of GFL Environmental
GFL Environmental stock rose 2.5 percent after a report that initial interest and bids for its environmental business were above expectations.
As reported by CTFN, a merger and acquisition and regulatory reporting news agency, the environmental division received interest from over 25 parties in bids due at the end of October. Initial offers were beyond earlier valuations, between $6.5 billion and $7 billion, and were pushed to $7.2 billion and $8 billion.
The GFL division was expected to garner significant interest from financial and strategic buyers, as other recent deals have seen strong valuations, as reported by Seeking Alpha.
GFL is expected to report Q3 results on Nov. 6.
Latest from Waste Today
- WeSort.AI recovers critical raw materials from recycling plants
- Collective Waste Solutions acquires Alcop Resource Recycling transfer station
- A blueprint for curbside composting
- Aemetis narrows net loss in 2025
- Fleetio launches AI capability to accelerate fleet maintenance approvals
- Recycle Ann Arbor extends drop-off station operating hours
- Sybilion seeks to help manufacturers confidently address volatility
- Ecowaste Solutions partners with city of Trinity, Texas
