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A sovereign wealth fund has reportedly entered the bidding process for GFL Environmental, joining two existing consortia as the company nears a final decision on potential sale proposals.
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Groupon plunged 20% premarket after missing quarterly earnings and sales estimates, while Digital Turbine, Daqo and others also traded lower.
The Board of Directors of GFL Environmental Inc. has unanimously rejected a proposal to take the company private, reaffirming its commitment to remaining a publicly traded entity.
Citigroup has reaffirmed its 'Buy' rating on GFL Environmental and increased its price target from $51 to $52.
Truist has revised its price target for GFL Environmental Inc. while maintaining a Buy rating on the stock.