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-0.000213583938487783 -0.000320375907731751 -0.00128150363092685 -0.00192225544639035 0.00106791969243922 -0.000640751815463501 0.000640751815463501 -0.00467748825288341
Stock impact report

What's next for GFL after environmental services deal closes [Yahoo! Finance]

GFL Environmental Inc. Subordinate voting shares, no par value (GFL) 
Company Research Source: Yahoo! Finance
All financial information is in Canadian dollars. GFL Environmental closed a deal Monday to sell a majority stake in its environmental services business. The completion of the transaction first announced in January will allow the company to ramp up its growth in line with a three-year plan outlined by executives last week. At GFL's Investor Day conference in New York City on Thursday, CEO Patrick Dovigi said the company would focus on vertical integration in the U.S., where it does the majority of its business, while continuing to pursue opportunities like EPR systems. The company will use $3.75 billion in proceeds from the sale to reduce its debt and $2.25 million to embark on its first major share buyback program as well. "This management team knows how to make money," Dovigi said. "We've executed the plan, we've numbed the noise in the background and we've created a significant amount of equity value." The company gave investors a close look at many metrics on Thursday dur Show less Read more
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