GFL Environmental CEO Patrick Dovigi signals willingness to accept a $50 per share buyout if he retains full equity stake.
GFL Environmental CEO Patrick Dovigi is prepared to consider a take-private offer at approximately $50 per share, contingent on rolling over his entire stake. The proposal follows recent market speculation about potential buyout interest in the company.
Shares of GFL Environmental have traded below $50 in recent months, with the stock closing at $42.30 on Friday. The company has not received a formal offer, but discussions reflect ongoing investor appetite for privatization deals in the environmental services sector.
No immediate market reaction was reported following the news, though shares have seen volatility amid takeover rumors.