West Fraser Completes Acquisition of Norbord
News provided by
Share this article
West Fraser ) (TSX andNYSE: WFG) and Norbord Inc. (
Norbord ) today jointly announce that they have completed the previously announced transaction (the
Transaction ) whereby West Fraser has acquired all of the issued and outstanding common shares of Norbord (the
Norbord Shares ). Under the terms of the Transaction, holders of Norbord Shares received 0.675 of a common share of West Fraser (the
West Fraser Shares ) for each Norbord Share held. Today marks a new era for all West Fraser employees and shareholders with the completion of the Norbord transaction. The combination of two top-calibre employee teams manufacturing sustainable products that are essential for a low-carbon economy positions West Fraser well going forward, said Raymond Ferris, President and Chief Executive Officer of West Fraser.
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.
Norbord shareholders approve West Fraser deal, Final Order given by Ontario Supreme Court of Justice
SHARE ON:
Norbord shareholders have given the green light to the West Fraser acquisition of the company.
At the special meeting of the holders of Norbord Shares on January 19th, 2021, shareholders overwhelmingly voted for the special resolution to approve the plan of arrangement under section 192 of the Canada Business Corporations Act, in which West Fraser would acquire all of the issued and Outstanding Norbord Shares.
68,286,087 votes (99.33%) were casted for the resolution, and 459,864 votes (0.67%) were against.
The Ontario Superior Court of Justice has approved the transaction by giving the Final Order to Norbord today.
West Fraser and Norbord Announce Shareholder Approval of West Fraser s Acquisition of Norbord and Joint Earnings Call on 2020 West Fraser and Norbord Standalone Results
News provided by
Share this article
West Fraser ) (TSX: WFT) and Norbord Inc. (
Norbord ) (TSX andNYSE: OSB) today jointly announce that the shareholders of each of West Fraser and Norbord have approved all resolutions relating to West Fraser s acquisition (the
Transaction ) of all of the issued and outstanding common shares of Norbord (the
Norbord Shares ).
West Fraser Meeting ) of the holders of common shares (
West Fraser Shares ) and Class B common shares of West Fraser (collectively, the
West Fraser and Norbord Announce Mailing of Circulars for Special Meetings of Shareholders
News provided by
Share this article
Virtual shareholder meetings for both West Fraser and Norbord are scheduled for January 19, 2021
Interim order regarding the Arrangement received by Norbord from the Ontario Superior Court of Justice
U.S. and German regulatory approvals received
VANCOUVER, BC and TORONTO, ON, Dec. 21, 2020 /PRNewswire/ - West Fraser Timber Co. Ltd. (
West Fraser ) (TSX: WFT) and Norbord Inc. (
Norbord ) (TSX andNYSE: OSB) today jointly announced that West Fraser s management information circular and Norbord s management proxy circular (together, the
Circulars ), prepared in connection with the previously announced arrangement whereby West Fraser will acquire all outstanding common shares of Norbord (the