GFL Environmental CEO willing to accept takeover offer around $50 per share

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GFL Environmental CEO Patrick Dovigi is willing to consider a take-private offer of around $50 a share if he can roll over his entire stake, according to a CTFN report. The report follows a Bloomberg story that GFL is weighing a potential take-private transaction after drawing interest from buyout firms, sending shares up 9% on Monday. Traders cited the CTFN report saying the talks are real and inbound interest is building, with a source familiar noting shares should trade around $60 based on fundamentals. Private equity firms that may be interested include Apollo, Blackstone, BlackRock, Oaktree, KKR, and BC Partners. GFL and the named firms did not respond to requests for comment.