Abrams Capital increases stake in SECURE Waste and opposes proposed GFL acquisition

Goodmans LLP acted for Abrams Capital Management, L.P. in connection with its acquisition of an additional 160,000 common shares of SECURE Waste Infrastructure Corp., increasing its total ownership to approximately 10%.

Following the announcement of GFL Environmental Inc.’s proposed C$6.4-billion acquisition, Abrams Capital announced that the transaction is not in the best interests of SECURE or its shareholders and expressed its intention to vote against the transaction.

Abrams Capital is a Boston-based investment firm.

SECURE Waste is a Calgary-based environmental and industrial waste management company.

GFL Environmental is a Miami-based, North American provider of diversified environmental waste management and infrastructure development solutions.