GFL Environmental ( (TSE:GFL) ) has provided an announcement.
GFL Environmental Inc. has completed a secondary offering of 18,887,723 subordinate voting shares by several selling shareholders. The company acquired 7,056,027 shares under this offering, alongside purchasing 17,050,298 shares from BC Partners and 7,618,758 shares under its normal course issuer bid, totaling 31,725,083 shares for cancellation. This strategic move allows GFL to optimize its share structure and retain the ability to purchase additional shares, potentially strengthening its market position.
More about GFL Environmental
GFL Environmental Inc., headquartered in Vaughan, Ontario, is the fourth largest diversified environmental services company in North America. It provides a comprehensive line of solid waste management services through its platform of facilities across Canada and 18 U.S. states, employing more than 15,000 people.
YTD Price Performance: 7.27%
Average Trading Volume: 1,969,227
Technical Sentiment Signal: Sell
Current Market Cap: $18.79B
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