GFL Environmental slips from record after secondary offering unveil

GFL Environmental

25/03/2025 20:47

**  U.S.-listed shares of Canada's GFL Environmental GFL.N down 2.7% to $47.30 in extended trading on secondary offering news

    ** GFL shares on Tues ended up 1%, notching record high close of $48.62

    ** After the bell, waste management firm announces ~15.7 mln shares to be offloaded by existing investors including Ontario Teachers' Pension Plan

      **

        RBC is the underwriter

    ** GFL has ~393.38 mln shares
    outstanding, giving it market value of roughly $19 bln, LSEG data shows

    ** Shares up ~9% YTD and up ~40% over the past 12 months

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))