WFTBF - West Fraser deal for Norbord OK'd by shareholders

Shareholders of West Fraser Timber (WFTBF) and Norbord (OSB) approve the C$4B all-stock merger of big Canadian wood product producers.The combined company will operate as West Fraser with headquarters in Vancouver, with West Fraser shareholders owning 56% of the combined company and Norbord shareholders holding 44%.West Fraser has said the deal adds a strong cash flow generating business, and it intends to retain all Norbord mills in North America and Europe.The deal comes as lumber prices have hit record highs twice in the past six months.West Fraser could further improve its capital return to shareholders after the completion of the Norbord acquisition, The Value Pendulum writes in a new analysis posted on Seeking Alpha.

For further details see:

West Fraser deal for Norbord OK'd by shareholders