Kelso Bid to Acquire Eacom Timber Bumped to June

U.S.-based private equity firm Kelso & Co. and Montréal's Eacom Timber Corp. jointly announced the extension of Kelso's offer to acquire all of the shares of the publicly traded timber producing company to June 14, 2013. The extension is intended to provide more time for regulatory approvals. The deal, which has been estimated at approximately $183 million, has already been recommended by Eacom's board of directors.

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