India, Nov. 10 -- GFL Environmental Inc. (GFL), a North American diversified environmental services company, said Tuesday that its Board of Directors has rejected unsolicited proposals to acquire the company and take it private.
GFL Environmental shares dropped about 15% in pre-market trading after closing at $45.88 on Monday.
The company's Special Committee, comprising independent directors, reviewed the proposals and concluded that they were not in the best interests of GFL, considering its business prospects, long-term growth opportunities, industry outlook and market conditions.
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Based on the committee's recommendation, the Board unanimously decided ...