Shareholders approve West Fraser's acquisition of NorbordWest Fraser Timber and Norbord jointly announce that the shareholders of each of West Fraser and Norbord have approved all resolutions relating to West Fraser’s acquisition of all of the issued and outstanding common shares of Norbord.
At the special meeting of the holders of common shares and Class B common shares of West Fraser held on January 19, 2021, the West Fraser Shareholders approved: (i) the ordinary resolution (the to issue such number of West Fraser Shares as is necessary to acquire 100% of the issued and outstanding Norbord Shares; and (ii) the ordinary resolution to approve an amendment to West Fraser’s stock option plan to permit an additional 1,000,000 West Fraser shares to be issued on the exercise of options granted pursuant to the West Fraser Stock Option Plan.
West Fraser is a diversified wood products company producing lumber, LVL, MDF, plywood, pulp, newsprint, wood chips, other residuals, and energy with facilities in western Canada and the southern United States.
Norbord Inc. is a leading global manufacturer of wood-based panels and the world’s largest producer of oriented strand board (OSB).