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
Jon Snyder Led Arkansas Face Veneer
Jonathan (Jon) Douglas Snyder, former president of Arkansas Face Veneer in Benton, Ark., died July 21. He was 65. Snyder, who worked at Arkansas Face Veneer from 1989-2009, was a respected long-term member of Hardwood Plywood & Veneer…
When Grant Led The Way
Article by Rich Donnell, Editor-in-Chief, Panel World July 2019 – The story in this issue on Georgia-Pacific’s OSB plant in Clarendon County, South Carolina brings back memories. Not memories of Georgia-Pacific, but rather of Grant Forest Products, the Ontario-based company that built an OSB plant…
Con-Vey Appoints New Panel Products Manager
Con-Vey named Brent Hensley as Product Manager for Panel Products. This new designation is essential to supporting increased initiatives and continued growth for Con-Vey’s panel product segments, including OSB, plywood, LVL, OSL, fiber…
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!