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West Fraser releases clarifying statement on acquisition speculation

In light of ongoing speculation of a possible acquisition of West Fraser, the company issued the following clarifying statement:

“The company is aware of recent market and media speculation. Although the company has previously met with Kronospan, an existing shareholder, and CVC Capital Partners, the company has not received a proposal and there are no ongoing discussions regarding the terms of any transaction. The company is focused on executing on its business strategy to create shareholder value.”