WFTBF - BMO calls West Fraser Timber-Norbord merger a win-win

BMO Capital Markets analyst Mark Wilde breaks down the West Fraser Timber (WFTBF)-Norbord (OSB) deal announced yesterday. "We think the deal is a win-win for both sets of shareholders. The combination creates a large and diversified wood products firm. Both firms are well-run, have low-cost assets, and best-in-class margins. The combined entity will have substantial torque to an upturn in US housing. A pristine balance sheet provides financial flexibility."The firm lifts its price target on West Fraser to C$86 from C$82 and keeps an Outperform rating in place. More details on West Fraser's deal to buy Norbord for C$4B

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BMO calls West Fraser Timber-Norbord merger a win-win