Canfor Pulp announces expiration of “Go-Shop” Period with no alternative acquisition proposal received.
January 20, 2026
Vancouver, BC - Canfor Pulp Products Inc. (TSX: CFX) (“Canfor Pulp”) announced today the expiration of the go-shop period (the “Go-Shop Period”) provided for in the previously announced arrangement agreement dated December 3, 2025 (the “Arrangement Agreement”) between Canfor Pulp and Canfor Corporation (“Canfor Corp”), pursuant to which Canfor Corp will acquire all of Canfor Pulp’s issued and outstanding common shares (each, a “Canfor Pulp Share”) not already owned by Canfor Corp and its affiliates pursuant to a court-approved plan of arrangement under the Business Corporations Act (British Columbia) (the “Transaction”).
Under the terms of the Arrangement Agreement, each shareholder of Canfor Pulp (collectively, “Canfor Pulp Shareholders”), other than Canfor Corp and its affiliates, will have the option to receive, for all Canfor Pulp Shares held by such Canfor Pulp Shareholder: 0.0425 of a common share of Canfor Corp per Canfor Pulp Share held, or $0.50 in cash per Canfor Pulp Share held. Canfor Corp currently owns approximately 54.8% of the issued and outstanding Canfor Pulp Shares.