GFL Environmental receives offers from at least six private equity groups

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GFL Environmental has received offers from at least six private equity groups by the end of last week, sending shares up 1.8%. The board is now evaluating which bidder group, if any, to proceed with, according to a CTFN report citing a source familiar. CEO Patrick Dovigi is expected to remain in his role after any deal and is reportedly willing to consider a take-private offer of around $50 a share if he can roll over his entire stake. Dovigi confirmed the company has received unsolicited preliminary expressions of interest and that a special committee of independent directors has been formed to oversee discussions, though there is no guarantee a transaction will result. Shares rose an additional 2% in after-hours trading.

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