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Canfor & Slocan sign $630M deal

Canfor Corporation signed an agreement to acquire all of the shares of Slocan Forest Products Ltd. (Slocan) in a sh…

Canfor Corporation signed an agreement to acquire all of the shares of Slocan Forest Products Ltd. (Slocan) in a share exchange transaction.
Slocan shareholders will receive 1.3147 Canfor shares for each Slocan share.
The aggregate value of the transaction including assumed net debt is approximately $630 million. Upon completion, the combined company will be the largest spruce/pine/fir lumber manufacturer in the world, with the second largest lumber capacity in North America.