GFL Environmental and SECURE Waste Infrastructure have announced that they have entered into a definitive agreement pursuant to which GFL has agreed to acquire all of the issued and outstanding common shares of SECURE for $24.75 per SECURE common share, representing an enterprise value of approximately $6.4 billion. The consideration for the transaction will be satisfied through a combination of 80 percent in GFL subordinate voting shares and 20 percent in cash. The transaction will be implemented through a plan of arrangement under the Business Corporations Act (Alberta).
The purchase price of $24.75 per SECURE common share represents a premium of 23 percent to the volume weighted average price of the common shares of SECURE for the 60 trading days ending April 10, 2026. Under the terms of the transaction, SECURE common shareholders will receive, at their election, (i) $24.75 in cash, (ii) 0.4195 of a GFL subordinate voting share or (iii) a combination of $4.95 in cash and 0
