India, Nov. 10 -- Shares of GFL Environmental Inc. (GFL) slipped 9% on Tuesday morning after the waste management company announced that its board had unanimously rejected unsolicited proposals to acquire the company and take it private, opting instead to remain publicly traded.
The board concluded that the offers did not adequately reflect the company's long-term standalone value and growth opportunities.
The stock is trading at $41.62, down $4.26 or 9.30%, on the NYSE. It opened at $40.89 after closing the previous session at $45.88. The stock has traded between $33.33 and $46.76 over the past 52 weeks.
For comments and feedback contact: editorial@rttnews.com
Published by HT Digital Content Services with permission from RTT News....