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On August 27 SECURE said registered holders have until 5:00 p.m. Calgary time on August 31 to pick cash, GFL stock, or the mix. The April 13 deal is $24.75 a share, about $6.4 billion of enterprise value, 80 percent GFL stock and 20 percent cash after proration. Close is still second half 2026. Competition Act approval is still out.
On August 11 Pason said second-quarter revenue was $100.8 million and revenue per industry day hit a record $1,078. Adjusted EBITDA was $35.7 million. Net income attributable to Pason was $14.1 million, or $0.18 a share. Completions gross profit was $0.01 million. The dividend is still $0.13, payable September 29. There is no interest-bearing debt.
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