Norbord Obtains Final Court Approval of the Plan of Arrangement and West Fraser Obtains Conditional NYSE Listing Approval
News provided by
Share this article
West Fraser") (TSX: WFT) and Norbord Inc. ("
Norbord") (TSX: OSB) (NYSE: OSB) today jointly announce that Norbord has obtained a final order from the Ontario Superior Court of Justice (Commercial List) approving the previously–announced plan of arrangement whereby West Fraser will acquire all of the outstanding common shares (the "
Norbord Shares") of Norbord (the "
Transaction"). Pursuant to the Transaction, Norbord shareholders will receive 0.675 (the "
Exchange Ratio") of a West Fraser common share ("
West Fraser Share") for each Norbord Share held.