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Secure Waste Infrastructure Corp. (SES $21.83)
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GFL Environmental Inc. subordinate voting shares (GFL $51.40)
Q: Hi 5i,
I have 300 shares of SES. It is in my TFSA, so no tax consequences if I sell. What is your opinion of the best option to take? Get shares of GFL, combination of shares and cash, or sell shares . We don’t need the cash but I want a company that has potential to grow.
Thank you for your opinion.
I have 300 shares of SES. It is in my TFSA, so no tax consequences if I sell. What is your opinion of the best option to take? Get shares of GFL, combination of shares and cash, or sell shares . We don’t need the cash but I want a company that has potential to grow.
Thank you for your opinion.
5i Research Answer:
We think the combination makes sense and we would be comfortable taking all shares of GFL (tendering SES shares). Note there is a cap on the shares, so shareholders will still likely end up with 20% cash in the takeover.