GFL Environmental ( (TSE:GFL) ) has shared an announcement.
On February 27, 2025, GFL Environmental Inc. announced the commencement of a normal course issuer bid (NCIB) to repurchase up to 10% of its public float of subordinate voting shares over a 12-month period starting March 3, 2025. This move follows the company’s sale of its Environmental Services businesses, expected to close on March 1, 2025, with up to $2.25 billion of the proceeds allocated for share repurchases. The program aims to enhance shareholder value and will be executed through various trading platforms, including the TSX and NYSE, with specific conditions and exemptions granted by the Ontario Securities Commission.
More about GFL Environmental
GFL Environmental Inc., headquartered in Vaughan, Ontario, is the fourth largest diversified environmental services company in North America. The company provides a comprehensive line of solid waste management, liquid waste management, and soil remediation services across Canada and in more than half of the U.S. states, employing over 20,000 people.
YTD Price Performance: -0.36%
Average Trading Volume: 1,494,982
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $17.44B
See more data about GFL stock on TipRanks’ Stock Analysis page.