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Brookfield gobbles up Norbord shares

A cash infusion from Brookfield Asset Management is giving Norbord a welcome boost. Brookfield is pouring $144 mill…

A cash infusion from Brookfield Asset Management is giving Norbord a welcome boost. Brookfield is pouring $144 million into the wood panel producer, receiving 163 million common shares and 81million warrants in return.

According to a report by the Canadian Press, Brookfield is the largest minority shareholder in Norbord, holding the position ever since Nexfor was divided into Norbord and Fraser Papers in 2004.

With its new purchase, Brookfield now owns roughly 75% of Norbord’s common shares, and 96% of its warrants, CP confirmed.