GFL Environmental Rejects $22 Billion Takeover Bid from Blackstone-Led Consortium
GFL Environmental (GFL) has officially rejected a $52 per share takeover offer from a private equity consortium led by Blackstone (BX), KKR & Co. (KKR), and Energy Capital Partners. The decision follows a formal review process by the company's board of directors, which concluded late Monday. The proposed deal was valued at approximately $22 billion, representing a significant attempt to take the waste management giant private. By rejecting the offer, GFL's leadership has signaled confidence in its independent strategic direction and long-term valuation.
Topics: Corporate Governance M&A Private Equity
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Part of the story GFL Environmental rejects $52/share offer from PE firm, ends review - Globe & Mail (3 articles)