GFL Environmental concludes review of unsolicited proposals
GFL•GFL Environmental’s board unanimously reaffirmed its strategy to remain public after a special committee determined unsolicited proposals were not in the company’s best interests. The company expects to double free cash flow per share over the next five years and says it will have flexibility for recurring opportunistic share repurchases.
1. Board reaffirms strategy
GFL Environmental said its board unanimously reaffirmed the company’s strategy to remain public after a special committee concluded its review of unsolicited inbound proposals and determined the proposals were not in the company’s best interests. The company expects to double free cash flow per share over the next five years, plans to retain flexibility for recurring opportunistic share repurchases, and will facilitate a process for the sale of financial sponsor shareholder stakes.
