Canfor Recommends Shareholders Reject TRC Capital’s "Mini-Tender" Offer

Apr 09, 2014

Canfor Corporation (“Canfor”) (TSX: CFP) has been notified of an unsolicited mini-tender offer made by TRC Capital Corporation (“TRC Capital”) to purchase up to 3,000,000 of Canfor’s outstanding Common Shares (“Shares”), or approximately 2.14% of the Shares, at a price of $24.95 per Share.  Canfor cautions shareholders that the mini-tender offer has been made at a price below market, representing a discount of 4.41% to the $26.10 closing price of the Shares on the Toronto Stock Exchange on March 31, 2014, the last trading day before the mini-tender offer was commenced.

Click to download the full release »


get blog updates

Subscribe via rss

get timely news alerts

Subscribe via email or rss