The Globe and Mail reports in its Tuesday edition that GFL Environmental boss Patrick Dovigi says the $5.4-billion purchase of Secure Waste Infrastructure will boost all of GFL's key financial metrics. The Globe's Andrew Willis writes that Mr. Dovigi says the deal will improve free cash flow and earnings before interest, taxes, depreciation and amortization. As well, Mr. Dovigi says it will mean GFL hits performance targets a year ahead of its forecast. Mr. Dovigi justifies the Secure bid by highlighting the potential for $25-million annually in synergies from merging the company's operations with GFL's. CIBC analyst Kevin Chiang says Mr. Dovigi's estimate is conservative. Mr. Chiang projects annual cost savings will hit $75-million. Mr. Dovigi says he has taken note of investors' past concerns with GFL's debt levels. He points out that GFL will pay 80 per cent of Secure's purchase price by issuing shares, which keeps borrowing to a minimum. On Monday, Abrams Capital said it would vote its 10-per-cent holding against the GFL takeover. It said Secure is "a uniquely well-positioned business with significant long-term potential." GFL shares closed Monday at $53.77, down from a recent intraday high of $62.96.