The Globe and Mail reports in its Wednesday edition that after four months of takeover offers from private equity funds, GFL Environmental is refocusing on building the company. The Globe's Andrew Willis writes that on Tuesday, GFL's board said it has formally shut down a review of unsolicited bids to take the company private for more than $20-billion (U.S.). GFL director Dino Chiesa said the board "unanimously determined that remaining a public company is the best path forward for all shareholders." He said, "The special committee concluded that while the range of valuations proposed were based on a premium to where GFL currently trades, that is not reflective of the full value of our standalone strategy." Mr. Chiesa added: "We remain open to considering any proposal that is in the best interests of shareholders." Last summer, GFL's share price dropped sharply after the company launched a friendly $5.4-billion (Canadian) takeover of Secure Waste Infrastructure. The slump led to private equity overtures and the board's decision to run the review. Analysts said GFL's decision to end its process without a sale is a sign of faith in chief executive officer Patrick Dovigi's ability to keep building the business.