GFL Environmental ( (TSE:GFL) ) has issued an update.
On March 14, 2025, GFL Environmental Inc. announced it received exemptive relief from the Ontario Securities Commission, allowing it to repurchase subordinate voting shares from underwriters in Ontario. This move follows the company’s intention to use approximately $2.25 billion from the sale of its Environmental Services business for share repurchases. The order permits GFL to buy up to 50% of shares offered for resale over the next 12 months, with a special committee overseeing these purchases to ensure they align with the company’s best interests. This strategic financial maneuver could impact GFL’s market positioning by potentially increasing shareholder value.
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 throughout Canada and in 18 U.S. states, employing a workforce of more than 15,000 employees.
YTD Price Performance: 3.30%
Average Trading Volume: 1,794,396
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $18.05B
See more data about GFL stock on TipRanks’ Stock Analysis page.