VAUGHAN, ON, Aug. 18, 2020 /PRNewswire/ - GFL Environmental
Inc. (NYSE: GFL) (TSX: GFL) ("GFL") commented on the misleading and
false statements reported today by Spruce Point Capital Management
relating to GFL's management and its financial and business
practices. The report contains numerous inaccuracies and
mischaracterizations, which GFL believes are solely intended to
benefit Spruce Point, who has
disclosed that it stands to profit significantly in the event that
the stock price of GFL declines.
"We are very disappointed by the baseless report put out today
by Spruce Point Capital," said Dino
Chiesa, lead independent director of the board of GFL.
"Spruce Point has never engaged
with the company and the report is without merit. We have the
support of our shareholders and the utmost confidence in
management, who have held themselves to the highest ethical
standards. We continue to believe in the strategy of the business
and its focus on creating long-term shareholder value."
About GFL
GFL, headquartered in Vaughan,
Ontario, is the fourth largest diversified environmental
services company in North America,
providing a comprehensive line of non-hazardous solid waste
management, infrastructure & soil remediation and liquid waste
management services through its platform of facilities throughout
Canada and in 23 states in
the United States. Across its
organization, GFL has a workforce of more than 13,000 employees and
provides its broad range of environmental services to more than
135,000 commercial and industrial customers and its solid waste
collection services to more than 4 million households.
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SOURCE GFL Environmental Inc.