GFL Environmental Holdings Inc. (GFL) stock surged 5.86% in Wednesday’s after-hours session, following the company’s announcement that it has received unsolicited takeover interest from multiple parties and simultaneously raised its full-year financial outlook.

The company disclosed that it has formed a special committee of independent directors to evaluate preliminary expressions of interest from several parties regarding a potential go-private transaction. CEO Patrick Dovigi stated, "We have recently received unsolicited preliminary expressions of interest from multiple parties to take the company private, as is often the case when there is a valuation disconnect." Investors reacted positively to the news, which was further bolstered by an earlier report from CTFN indicating the sales process has been "very competitive," with at least six private equity groups submitting bids.

Adding to the bullish sentiment, GFL raised its full-year 2026 revenue guidance to a range of C$7.51 billion to C$7.53 billion, up from the prior forecast of C$7.32 billion to C$7.34 billion and above analyst expectations of C$7.37 billion. The improved outlook is driven by strong core pricing and organic growth, despite the company reporting a quarterly adjusted earnings miss.