- 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.
For further details see:
Norbord - What The Takeover Proposal From West Fraser Timber Means For Shareholders