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Canfor agrees to going private transaction at $16.00 per share

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Canfor agrees to going private transaction at $16.00 per share

November 13, 2019 - 10:57
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Canfor Corporation has entered into an arrangement agreement with Great Pacific Capital Corp.

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 Canfor Share by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia).