Shareholders on board with $763 mln merger of Ainsworth and Norbord
The vast majority of investors in Norbord Inc (TSX: NBD) and Ainsworth Lumber Co Ltd (TSX: ANS) have approved the previously announced combination of the two businesses. The deal, which is expected to close before the end of the first quarter of 2015, has been valued at about $763 million. The Vancouver-based Ainsworth and the Toronto-based Norbord, both of which are portfolio investments of Brookfield Asset Management, have said the merger will establish a leading global forest products company.
28 January 2015•4 mins read
