What are possible impacts on GFL Environmental stock price due to potential takeover

« Back to Previous Page
▲
0
▼
♥ 0

I am pretty new to investing. I have some shares in GFL. They have earned me 21% in just a couple of months. I read the price increase was due to a potential takeover. I haven’t seen any more news on that though for about a month, and I don’t really know what that implies for a stock’s price. Do you have any insights on what I might expect from a potential takeover situation such as this?

Marked as spam
Asked on July 18, 2024 11:00 pm
26 views
▲
0
▼
✔
Private answer

The takeover news isn't exactly a rumor, but it isn't exactly confirmed either. GFL apparently got a couple bids and reached out to a bank to evaluate the bids.

At this point, it's all speculation. GFL is a solid company, one that I would have zero problems holding for the long-term. So, if this is me sitting in this position and I own it, I'm doing nothing but holding it. If the company gets bought out, it's likely at a premium to todays price, and if it doesn't get bought out, I simply hold a rock-solid company.

The only thing I will say, is you could see some added volatility here based on takeover news. New articles and information that comes out in regards to this could cause the stock price to be a bit rocky.

Marked as spam
Posted by Dan Kent
Answered on July 21, 2024 5:34 pm
« Back to Previous Page