Norbord And Ainsworth Lumber Provide Update On Merger And Closing
Norbord Inc. and Ainsworth Lumber Co. Ltd. today announced that they have been informed by the Antitrust Division of the United States Department of Justice that it has closed its review of the previously announced combination of Norbord and Ainsworth. Norbord and Ainsworth expect the transaction to be completed on March 31, 2015.
On December 8, 2014, Norbord and Ainsworth announced that they had entered into an arrangement agreement under which Norbord and Ainsworth would merge to create a leading global wood products company focused on oriented strand board (OSB) across North America, Europe and Asia.
Under the terms of the transaction, Norbord will acquire all of the outstanding common shares of Ainsworth in an all-share transaction. Ainsworth shareholders will receive 0.1321 of a share of Norbord for each Ainsworth share.
On January 27, 2015, the transaction was overwhelmingly approved by the shareholders of each of Norbord and Ainsworth. On January 30, 2015, the Supreme Court of British Columbia granted a final order approving the combination of Norbord and Ainsworth by way of a plan of arrangement under the Business Corporations Act (British Columbia).
RELATED ARTICLES
WEST FRASER PURCHASES NORBORD FOR $3 BILLION
Latest News
Time To Stretch The Legs
Article by Rich Donnell, Editor-In-Chief, Panel World May 2023 – In May, I depart for my 17th consecutive Ligna in Hannover, Germany. If the pandemic hadn’t canceled the event in 2021, I suppose this would have been 18. Regardless, I’m sure by now you’re thinking this guy…
Dieffenbacher Names New Energy Unit Director
Wolfgang Lashofer has been appointed as the new Managing Director of Dieffenbacher Energy GmbH, which was formed at the beginning of the year following the acquisition of BERTSCHenergy, based in Bludenz, Western Austria. As Managing Director of Dieffenbacher Energy, Lashofer takes over the management of the newly established Energy Business Unit…
Raute PRS R5 Proving Itself
Raute introduced its Panel Repair Station (PRS) R5 the plywood industry in 2020. Soon there will be 13 units operating in North America. Measuring 33 ft. by 26 ft., the R5 is no larger than most manual repair cells. It requires no foundations, meaning it can be up and running within two weeks of delivery…
Find Us On Social
Newsletter
The monthly Panel World Industry Newsletter reaches over 3,000 who represent primary panel production operations.
Subscribe/Renew
Panel World is delivered six times per year to North American and international professionals, who represent primary panel production operations. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative. Contact us today!