Keeley Teton Comments on Covanta

Guru stock highlight

Oct 22, 2021

Summary

The stock was a top contributor.

Covanta Holding Corporation (CVA, Financial) is a leader in sustainable waste and energy solutions with a globalnetwork of over 50 energy-from-waste and material processing facilities around the world. Shares of Covanta were strong again as the market chatter about a potential sale last quarter became a reality as the company agreed to be acquired by EQT Infrastructure for $20.25 per share. This represented a 37% premium to Covanta’s share price of $14.86 on June 8th, 2021, the day prior to media reports of a possible transaction.

From Keeley Teton Small Cap Dividend Value Fund's third-quarter 2021 commentary.

Disclosures

I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours. Click for the complete disclosure

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