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GFL Nears Deal to Buy Secure Waste for over $4.3 Billion, Bloomberg News Reports
Secure shareholders can choose cash, stock or a mix as the deal adds more industrial and oil-field waste revenue, GFL said.
- On Monday, April 13, 2026, GFL Environmental Inc. announced a deal to acquire Calgary-based Secure Waste Infrastructure Corp. for $5.4 billion, significantly expanding its footprint in Western Canada.
- The acquisition diversifies GFL's municipal waste business by adding Secure's industrial and oil field revenue, which accounts for 85 per cent of the target's earnings.
- Under the agreement, Secure shareholders will receive $24.75 per share, structured as 80 per cent stock and 20 per cent cash, with support from investors Angelo, Gordon & Co. LP and Solus Alternative Asset Management LP.
- Upon completion, Secure shareholders will own 16 per cent of the combined company, with the transaction expected to close in the second half of the year subject to shareholder approval.
- Analyst Ian Gillies at Stifel noted GFL is paying an elevated premium, with the purchase price amounting to roughly 25.5 times Secure's earnings, marking one of the largest recent transactions for GFL.
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GFL Environmental Acquires SECURE Waste For $6.4 Billion, Stock Drops - GFL Environmental (NYSE:GFL)
GFL Environmental Inc. (NYSE:GFL) shares are tumbling on Monday as the company announced its acquisition of SECURE Waste Infrastructure Corp. for about $6.4 billion. • GLF stock is down today. What’s next for GLF stock? The environmental services company plans to finance the acquisition through a combination of 80% in GFL subordinate voting shares and 20% in cash. SECURE shareholders can choose to receive $24.75 in cash, 0.4195 GFL subordinate …
·New York, United States
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The Toronto Star+7 Reposted by 7 other sources
GFL Environmental signs deal to buy Secure Waste Infrastructure
CALGARY - GFL Environmental Inc. has signed a deal to buy Secure Waste Infrastructure Corp. in an agreement that puts an enterprise value on the company at about $6.4 billion.
·Toronto, Canada
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Coverage Details
Total News Sources22
Leaning Left6Leaning Right3Center6Last UpdatedBias Distribution40% Left, 40% Center
Bias Distribution
- 40% of the sources lean Left, 40% of the sources are Center
40% Center
L 40%
C 40%
R 20%
Factuality
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