Pulp and Paper Canada

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Brookfield gobbles up Norbord shares


January 12, 2009
By Pulp & Paper Canada

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.

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


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