Market Chatter: GFL In Exclusive Talks With Apollo to Sell Environmental Services Division In $8-billion Deal

MT Newswires12-19

Canadian waste management giant GFL Environmental Inc. (GFL.TO) is in exclusive talks with Apollo Global Management to sell its environmental services division for around $8-billion, The Globe and ...

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(GFL.TO) is in exclusive talks with Apollo Global Management to sell its environmental services division for around $8-billion, The Globe and ...</p>\n\n<a href=\"https://finance.yahoo.com/news/market-chatter-gfl-exclusive-talks-160056332.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market Chatter: GFL In Exclusive Talks With Apollo to Sell Environmental Services Division In $8-billion Deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarket Chatter: GFL In Exclusive Talks With Apollo to Sell Environmental Services Division In $8-billion Deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-19 00:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/market-chatter-gfl-exclusive-talks-160056332.html><strong>MT Newswires</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Canadian waste management giant GFL Environmental Inc. (GFL.TO) is in exclusive talks with Apollo Global Management to sell its environmental services division for around $8-billion, The Globe and ...</p>\n\n<a href=\"https://finance.yahoo.com/news/market-chatter-gfl-exclusive-talks-160056332.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4120","symbol_name":"环境与设施服务","start_time":0,"source_url":"https://finance.yahoo.com/news/market-chatter-gfl-exclusive-talks-160056332.html","article_id":"2492913696","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492913696","pubTimestamp":1734537656,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Canadian waste management giant GFL Environmental Inc.  is in exclusive talks with Apollo Global Management to sell its environmental services division for around $8-billion, The Globe and Mail is reporting Wednesday.GFL launched an auction for the division earlier this year and Apollo has emerged as the likely buyer, according to two sources familiar with the negotiations. The deal is expected to be announced in early January, however, talks are still ongoing and the terms could change, the report said.It noted GFL disclosed on a quarterly conference call in November that it expected to make around $6-billion after tax on the sale. The exact amount that will flow to GFL in the $8-billion Apollo deal is still being negotiated and will depend on the corporate tax treatment, the report said.GFL has said it plans on using $3.5-billion of the sale proceeds to pay down debt, and the remaining amount will be used to buy back shares and for general corporate purposes. One possibility is for s","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4120":"环境与设施服务","LU1323610961.USD":"UBS (LUX) EQUITY SICAV - LONG TERM THEMES (USD) \"P\" (USD) ACC","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0106831901.USD":"贝莱德世界金融基金A2","GFL":"GFL Environmental Holdings Inc.","LU0683600562.USD":"AB SELECT US EQUITY \"A\" (USD) ACC","BK4135":"资产管理与托管银行","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","LU0006061336.USD":"Blackrock US Small and MidCap Opportunities A2 USD","APO":"阿波罗全球管理","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BK4184":"其它综合性金融服务","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","LU2463526074.USD":"NORDEA 1 - GLOBAL CLIMATE ENGAGEMENT \"BP\" (USD) ACC","LU2211815571.USD":"ALLIANZ POSITIVE CHANGE \"AT\" (USD) ACC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD"},"translate_title":"市场热议：GFL正在与Apollo进行独家谈判，以80亿美元的价格出售环境服务部门","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GFL":1,"APO":0.9},"content_text":"Canadian waste management giant GFL Environmental Inc. (GFL.TO) is in exclusive talks with Apollo Global Management to sell its environmental services division for around $8-billion, The Globe and Mail is reporting Wednesday.\n\n GFL launched an auction for the division earlier this year and Apollo has emerged as the likely buyer, according to two sources familiar with the negotiations. The deal is expected to be announced in early January, however, talks are still ongoing and the terms could change, the report said.\n\n Wednesday's report noted GFL's environmental services division offers liquid waste management and soil remediation services, among other things, and the business is appealing to private equity buyers because it has predictable revenues and can be considered an infrastructure asset.\n\n The Globe and Mail is not naming the sources because they were not authorized to speak publicly about the transaction.\n\n It noted GFL disclosed on a quarterly conference call in November that it expected to make around $6-billion after tax on the sale. The exact amount that will flow to GFL in the $8-billion Apollo deal is still being negotiated and will depend on the corporate tax treatment, the report said.\n\n GFL has said it plans on using $3.5-billion of the sale proceeds to pay down debt, and the remaining amount will be used to buy back shares and for general corporate purposes. One possibility is for shares of the two main backers, BC Partners and OTPP, to be repurchased.\n\n (Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492913696"}