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
- Fuzion acquires Elite Roll-Off Services
- Los Angeles County files lawsuit against Chiquita Canyon Landfill operators
- Lux Research questions hydrogen’s transportation role
- Interstate Waste marks 25 years with record growth, strategic acquisitions
- Hauler Hero announces $10M in seed funding
- SECCRA signs up for landfill gas-to-energy system
- Hyster-Yale commits to US production
- VLS Environmental Solutions acquires Virginia waste management services provider
