ADW Capital Management Sends Letter to GFL Environmental's Board and Management Reiterating Call to Undertake a Strategic Review Process

Strongly Believes that GFL Environmental's Board and Management Should Genuinely Consider All Inbound Third-Party Acquisition Offers We cannot think of any reason why the Company would explore any other path than to sell its ES division. While we would be in favor of an 'outright' sale of the entire Company, we recognize the scope and scale of such a transaction. Given the minimal tax leakage, the Company does not lose much by doing a 'two step' take private in our view and leaves the door open to see if th ...