Canfor Corporation completed the transfer of the Vavenby forest tenure to Interfor. According to the announcement, the sale of the Vavenby tenure provides the best opportunity for future economic activities and employment in the local communities. Interfor acquires two replaceable licenses with annual cutting rights of approximately 349,000 cubic meters,…
Great Pacific Capital Corp. failed to acquire Canfor Corp. due to resistance from minority shareholders. In October, the Canfor management approved the takeover offer made in August and also recommended that the shareholders approve it. With the acquisition by the major shareholder Great Pacific, Canfor would have been taken off as a private…
Canfor Corporation has agreed with Great Pacific Capital Corp. and 1227738 B.C. Ltd., a wholly-owned subsidiary of Great Pacific, to terminate the previously announced arrangement agreement dated October 28, 2019 with respect to the proposed plan of arrangement of Canfor. Based on the Canfor shareholder votes cast by proxy prior…
