GFL Environmental announced that HPS Investment Partners converted all 4,867,006 of the company's Series A perpetual convertible preferred shares into 6,219,896 subordinate voting shares, eliminating all preferred shares outstanding. The voting shares issued through this conversion were sold by HPS-managed funds in a block trade at $42.73 per share. This move simplifies GFL's capital structure by removing preferred shares and may impact shareholder composition. GFL is a major North American environmental services firm with operations in Canada and the U.S.
GFL Environmental's subordinate voting shares are trading at USD 43.24 on Pluang as of Nov 12, 2026 18:41 WIB, slightly down by 0.32% in the last day. The company's market capitalization stands at $18.91 billion, reflecting its significant presence in the industrial sector. Trading volume reached 6,248,429 shares, indicating active investor interest following the recent share conversion news.
GFL Environmental, a North American waste management company, is rated Buy with a $50 fair value, suggesting an 18% upside from current prices. The board implicitly values the company at $58 per share, higher than recent private equity bids of $52 th...
GFL Environmental's Special Committee reviewed unsolicited acquisition proposals but decided they undervalue the company's long-term potential. The Board unanimously agreed to remain public, emphasizing confidence in GFL's standalone growth strategy ...
