WFTBF - Norbord - What The Takeover Proposal From West Fraser Timber Means For Shareholders

• West Fraser Timber has launched a friendly bid to acquire Norbord that would result in Norbord shareholders owning 44% of the new entity.
• Driven by strong commodity prices, the proposed transaction comes as shares of both companies are near recent highs.
• The all-stock deal proposed at these levels is an indicator that management sees forestry products near cycle highs.
• With weakening lumber prices on the horizon, it may be a good time for Norbord shareholders to take profits.

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