Transaction values former shares at 0.0425 Canfor share or $0.50 cash, delisting from TSX effective March 18.
Canfor
Lumber demand stayed weak through most of the quarter, while scheduled maintenance reduced pulp output.
Lumber segment faces $215 million hit from European log supply pressures while pulp and paper takes $106 million charge.
No alternative bids were received from 15 potential buyers contacted before the January 19 deadline, confirming Canfor Corporation’s planned purchase of remaining shares.
Offer price represents a 25% premium to current trading value, with deal expected to close in Q1 2026.
North American housing weakness, high duties, and soft global pulp prices drive lower production and margins across all regions.