Canfor Corporation has entered into an arrangement agreement with Great Pacific Capital Corp. (and an affiliate of Great Pacific), as the company says in the press release received by Lesprom Network.
Under the terms of the arrangement agreement, Great Pacific, which along with its affiliates owns approximately 51% of the issued and outstanding common shares of Canfor, will acquire all of the Canfor Shares it does not already own for cash consideration of $16.00 per share.
Canfor is a leading integrated forest products company, based in Vancouver, British Columbia (“BC”) with interests in BC, Alberta, North and South Carolina, Alabama, Georgia, Mississippi and Arkansas. Canfor produces primarily softwood lumber.
