GFL Environmental ( (TSE:GFL) ) just unveiled an update.
GFL Environmental Inc. announced an increase in the size of its secondary offering by selling shareholders, now totaling 18,887,723 subordinate voting shares priced at US$47.65 per share. The company has also agreed to purchase for cancellation 7,056,027 shares under this offering, which is being managed by RBC Capital Markets, LLC and RBC Dominion Securities Inc. This move is part of GFL’s strategic financial operations and may impact its market positioning by potentially reducing the number of shares available in the market.
More about GFL Environmental
GFL, headquartered in Vaughan, Ontario, is the fourth largest diversified environmental services company in North America, providing a comprehensive line of solid waste management services through its platform of facilities throughout Canada and in 18 U.S. states. Across its organization, GFL has a workforce of more than 15,000 employees.
YTD Price Performance: 9.21%
Average Trading Volume: 1,822,438
Technical Sentiment Signal: Sell
Current Market Cap: $18.98B
See more insights into GFL stock on TipRanks’ Stock Analysis page.