By The Canadian Press on November 19, 2020.
TORONTO – West Fraser Timber Co. Ltd. has signed a deal to acquire Norbord Inc. in an all-stock transaction valued at $4.0 billion.
Under the deal, Norbord shareholders will receive 0.675 of a West Fraser share for each Norbord share they hold.
West Fraser shareholders will own 56 per cent of the combined company, with current Norbord shareholders owning approximately 44 per cent.
Companies in this story: (TSX:WFT, TSX:OSB)