SES
TSX · Waste, terminals, energy infrastructure · 4 desk pieces in archive
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S&P Dow Jones said September 1 SECURE will be removed from the S&P/TSX Composite before the open September 4. GFL closed the acquisition September 1. Each SES share maps to $4.95 cash and 0.3356 of a GFL subordinate voting share under the election framework.
S&P Dow Jones said September 1 SECURE will be removed from the S&P/TSX Composite before the open September 4. Each SES share maps to $4.95 cash and 0.3356 of a GFL subordinate voting share. GFL closed the acquisition September 1.
On September 1 GFL said it closed the SECURE arrangement. Financing was revolver capacity, 75.1 million GFL shares, and a new US$1 billion term loan at about 5 percent. Over 2,000 SECURE staff join GFL. SES is expected to delist September 2.
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.