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West Fraser Timber Co (WFG) NPV

Sell:115.58 CAD Buy:116.29 CAD Change: 0.75 CAD (0.64%)
Market closed |  Prices as at close on 27 May 2022 | Switch to live prices |
Tender Offer

West Fraser Timber Co NPV

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 13 May 2022)

What is happening?

 

West Fraser Timber Co wants to return up to USD1.25 billion to shareholders. To do this the company is offering to buy its shares at a price between USD80.00 and USD95.00.

 

If you don’t want to tender your shares, you don't need to do anything. You’ll keep your existing shares.

 

Please see below for a breakdown of the Tender Offer:

 

•  You can ask to sell (tender) some or all of your shares at a specific price which is not less than USD80.00, or greater than USD95.00 (in increments of USD0.25, e.g. USD80.25, USD80.50, USD80.75, USD81.00, etc.) Alternatively, you can ask to tender at the eventual purchase price, which will be determined on completion of the offer.

 

•  The eventual purchase price will be the lowest price within the range at which the company can accept tenders totalling up to USD1.25 billion.

 

•  If you tender your shares at a price higher than the purchase price your instruction will be rejected and your shares will be returned to you.

 

•  If you tender your shares at a price less than or equal to the eventual purchase price, you’ll receive the purchase price for any shares successfully sold. However, depending on the total number of elections, you may not sell all of the shares you ask to tender.

 

•  Shareholders holding 99 shares or less who tender their entire holding at a price at or below the eventual purchase price will receive priority under the offer.


•  Non-Canadian resident shareholders who sell shares in the offer will receive some of the proceeds as income, subject to Canadian Withholding Tax.

 

•  Any proceeds will be converted to Sterling upon receipt subject to the prevailing exchange rate at that time and our standard currency conversion fees.

 

Tender shares – Act below by noon on Monday 30 May 2022

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:115.58 CAD
Buy:116.29 CAD
Change: 0.75 CAD (0.64%)
Market closed |  Prices as at close on 27 May 2022 | Switch to live prices |
Tender Offer

West Fraser Timber Co NPV

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 13 May 2022)

What is happening?

 

West Fraser Timber Co wants to return up to USD1.25 billion to shareholders. To do this the company is offering to buy its shares at a price between USD80.00 and USD95.00.

 

If you don’t want to tender your shares, you don't need to do anything. You’ll keep your existing shares.

 

Please see below for a breakdown of the Tender Offer:

 

•  You can ask to sell (tender) some or all of your shares at a specific price which is not less than USD80.00, or greater than USD95.00 (in increments of USD0.25, e.g. USD80.25, USD80.50, USD80.75, USD81.00, etc.) Alternatively, you can ask to tender at the eventual purchase price, which will be determined on completion of the offer.

 

•  The eventual purchase price will be the lowest price within the range at which the company can accept tenders totalling up to USD1.25 billion.

 

•  If you tender your shares at a price higher than the purchase price your instruction will be rejected and your shares will be returned to you.

 

•  If you tender your shares at a price less than or equal to the eventual purchase price, you’ll receive the purchase price for any shares successfully sold. However, depending on the total number of elections, you may not sell all of the shares you ask to tender.

 

•  Shareholders holding 99 shares or less who tender their entire holding at a price at or below the eventual purchase price will receive priority under the offer.


•  Non-Canadian resident shareholders who sell shares in the offer will receive some of the proceeds as income, subject to Canadian Withholding Tax.

 

•  Any proceeds will be converted to Sterling upon receipt subject to the prevailing exchange rate at that time and our standard currency conversion fees.

 

Tender shares – Act below by noon on Monday 30 May 2022

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:115.58 CAD
Buy:116.29 CAD
Change: 0.75 CAD (0.64%)
Market closed |  Prices as at close on 27 May 2022 | Switch to live prices |
Tender Offer

West Fraser Timber Co NPV

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 13 May 2022)

What is happening?

 

West Fraser Timber Co wants to return up to USD1.25 billion to shareholders. To do this the company is offering to buy its shares at a price between USD80.00 and USD95.00.

 

If you don’t want to tender your shares, you don't need to do anything. You’ll keep your existing shares.

 

Please see below for a breakdown of the Tender Offer:

 

•  You can ask to sell (tender) some or all of your shares at a specific price which is not less than USD80.00, or greater than USD95.00 (in increments of USD0.25, e.g. USD80.25, USD80.50, USD80.75, USD81.00, etc.) Alternatively, you can ask to tender at the eventual purchase price, which will be determined on completion of the offer.

 

•  The eventual purchase price will be the lowest price within the range at which the company can accept tenders totalling up to USD1.25 billion.

 

•  If you tender your shares at a price higher than the purchase price your instruction will be rejected and your shares will be returned to you.

 

•  If you tender your shares at a price less than or equal to the eventual purchase price, you’ll receive the purchase price for any shares successfully sold. However, depending on the total number of elections, you may not sell all of the shares you ask to tender.

 

•  Shareholders holding 99 shares or less who tender their entire holding at a price at or below the eventual purchase price will receive priority under the offer.


•  Non-Canadian resident shareholders who sell shares in the offer will receive some of the proceeds as income, subject to Canadian Withholding Tax.

 

•  Any proceeds will be converted to Sterling upon receipt subject to the prevailing exchange rate at that time and our standard currency conversion fees.

 

Tender shares – Act below by noon on Monday 30 May 2022

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Business summary

West Fraser Timber Co. Ltd. is a diversified wood products company. The Company is engaged in manufacturing, selling, marketing and distributing lumber, engineered wood products, including oriented strand board (OSB), lumber, laminated veneer lumber (LVL), medium-density fiberboard (MDF), plywood, particleboard, pulp, newsprint, wood chips and other residuals and renewable energy. Its products are used in home construction, repair and remodeling, industrial applications, papers, tissue, and box materials. Its segments include Lumber, North America engineered wood products (NA EWP), Pulp & Paper and Europe EWP. The Company's business consists of approximately 34 lumber mills, 15 OSB facilities, six renewable energy facilities, five pulp and paper mills, three plywood facilities, three MDF facilities, two particleboard facilities, one LVL facility, one treated wood facility, and one veneer facility. It primarily operates in Canada, the United States, the United Kingdom and Europe.

Contact details

Address:
C/O West Fraser Group, 501-858 Beatty St
VANCOUVER
V6B 1C1
Canada
Telephone:
+1 (604) 8952745
Website:
https://www.westfraser.com/

Important dates

Future events
There are no future events available.
Past events
There are no past events available.

General stock information

Short code:
WFG
ISIN:
CA9528451052
Market cap:
11.29 billion CAD
Shares in issue:
103.35 million
Sector:
Forest Products
Exchange:
Toronto Stock Exchange
Country:
Canada
Currency:
Canadian dollars
Indices:
n/a

Key personnel

  • Raymond Ferris
    President, Chief Executive Officer, Director
  • Christopher Virostek
    Chief Financial Officer, Vice President - Finance
  • Sean McLaren
    Chief Operating Officer
  • Robin Lampard
    Senior Vice President - Finance
  • Christopher McIver
    Senior Vice President - Marketing and Corporate Development
  • Kevin Burke
    Senior Vice President - Wood Products
  • Keith Carter
    Senior Vice President, Western Canada
  • Alan McMeekin
    Senior Vice President, Europe
  • Alan Caputo
    Vice President - Human Resources
  • Chester Fort
    Vice President, U.S. Lumber Operations

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Business summary, contact details and key personnel provided by Thomson Reuters. Important dates provided by Digital Look Ltd. General stock information provided by Reuters.

Share

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.