FINWIRES · TerminalLIVE
FINWIRES

GFL Environmental将以46.2亿美元收购在多伦多证券交易所上市的Secure Waste

-- GFL Environmental (GFL) 已同意以 64 亿加元(约合 46.3 亿美元)的价格收购 Secure Waste Infrastructure,预计此举将提升其在加拿大西部的废物管理业务。 两家公司周一表示,GFL 将以每股 24.75 加元的价格收购 Secure 的股份。Secure 在加拿大西部和北达科他州运营着一个废物管理平台。此次收购价格较 Secure 截至上周五的 60 个交易日的平均股价溢价 23%。 GFL 将以现金支付 20% 的收购价,其余部分以附属投票权股份支付。 根据联合声明,该交易尚需获得 Secure 股东的同意以及法院和监管机构的批准,预计将于今年下半年完成。 GFL首席执行官帕特里克·多维吉表示:“收购Secure将为我们提供一个高度互补的、已获许可的废物处理和处置资产网络,这将扩大我们在加拿大西部的业务覆盖范围,显著提升我们的规模,并增强我们为客户提供全方位废物管理服务的能力。” Secure董事长米克·迪尔格表示,Secure的股东预计将持有合并后公司16%的股份。 根据联合声明,交易完成后,公司股票将从多伦多证券交易所退市。多维吉表示,预计该交易将立即使GFL的调整后每股自由现金流增加12%至15%。 多维吉表示:“此次交易提高了GFL的流通股加权市值,从而增强了其流动性,并提升了其未来被纳入更广泛股票指数的可能性。” 周一,GFL股价下跌6.5%。 Secure 首席执行官 Allen Gransch 表示:“此次交易将 Secure 难以复制的基础设施网络与 GFL 更广泛的平台相结合,从而增强 GFL 在整个价值链中捕获更多废物流的能力。”

Price: $40.03, Change: $-3.03, Percent Change: -7.04%

Related Articles

Research

Research Alert: CFRA Keeps Hold Opinion On Shares Of Otis Worldwide Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We cut our 12-month target to $90 from $100 following Q1 earnings, valuing OTIS shares at 19.6x our 2027 EPS outlook of $4.58 (down from $4.70; 2026 EPS view updated to $4.18 from $4.25), a modest discount to industrial machinery peers' and OTIS's five-year forward multiple average given unclear timing of ongoing margin headwinds. Service margins were disappointing in Q1 (contracting 160 bps to 23%) amid higher labor and material costs that came in above pricing. Weakness in China has yet to stabilize, though as noted in the past, this represents a shrinking area of OTIS's portfolio and will have a more limited effect going forward. Overall, the latest quarter was more of the same (China weakness/New Equipment decline), though with the added concern of margin quality being pressured within Service - the core profit driver for OTIS overall. While efforts to shore up profitability are underway, we see timing of recovery being uncertain.

$OTIS
Asia Markets

Saudi Shares Start Week Higher; US-Iran Peace Talks Canceled

The Tadawul All Share Index closed Sunday 0.11% higher as investors assessed the latest updates regarding the conflict in the Middle East.US President Donald Trump said on his Truth Social account that the Pakistani trip for his envoys, Steve Witkoff and Jared Kushner, was canceled. The announcement dimmed the hopes for peace talks between Iran and the US to happen any time soon.Further to this, Israel launched an attack in Lebanon on April 25. The strikes, which targeted Hezbollah, resulted in four casualties and facility damage in Southern Lebanon.Back at home, Rabigh Refining and Petrochemical (SASE:2380), d/b/a Petro Rabigh, and Thob Al Aseel (SASE:4012) posted their financial results for the three months ended March 31. Petro Rabigh emerged from a loss in the first quarter, while Thob Al Aseel logged a higher net profit and revenue."The reason for net profit reported during the current quarter compared to a net loss recorded in the same quarter of last year was primarily attributable to improved product margins resulting from stronger refined product pricing and higher sales volumes," Petro Rabigh said in its report.Petro Rabigh rose 10% at closing, while Thob Al Aseel ticked down 1.59%.Meanwhile, the local calendar will be mostly empty except for the kingdom's preliminary figures for its GDP growth rate for the first quarter and the M3 money supply and private bank lending data for March on Thursday.

$^TASI$SASE:2380$SASE:4012
Research

Research Alert: CFRA Maintains Hold Rating On Shares Of United Rentals Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our 12-month target price to $1,100 from $950 following a strong first quarter, valuing shares at 20.5x our 2027 EPS outlook of $54.28 (in line with previous estimate; 2026 EPS also in line). We believe a higher multiple is justified given URI's firming market leadership within an expanding rental equipment industry. A robust Q1 beat enabled URI to raise its full-year revenue guidance to $16.9B-$17.4B and adjusted EBITDA to $7.625B-$7.875B, citing momentum heading into a busy season. With leverage well below historical levels, we believe accretive M&A deals could serve as a potential catalyst for additional guidance increases. Margin compression has been a sticky issue for URI, but Q1 indicated that pricing may have turned around and that headwinds are starting to ease as quarterly results begin to lap when tariff-related inflation began to pick-up. We remain cautious on margins, though are encouraged by signs of stabilization. New project activity is likely supporting pricing trends, in our view.

$URI