The Vancouver Sun reports in its Thursday edition Western Forest Products investor Brookfield Asset Management is reducing its interest in the company. The unbylined item says a secondary offering announced after the close of trading, Brookfield Special Situations Management has agreed to sell 40 million shares at $2.50 each. The underwriters have also been granted an overallotment option for six million shares, also at $2.50. Brookfield holds 113.96 million shares in Western Forest Products, representing a 29-per-cent interest. Following the offering, Brookfield's share will drop to 19 per cent, or 17 per cent if the overallotment option is fully exercised. Western Forest Products' shares on Wednesday closed up two cents at $2.60 on the Toronto Stock Exchange.