Mr. Rob Feustel reports
AINSWORTH RECEIVES COURT APPROVAL IN CONNECTION WITH MERGER WITH NORBORD
The Supreme Court of British Columbia has granted a
final order approving the previously announced proposed combination of
Norbord Inc. and Ainsworth Lumber Co. Ltd. by way of a plan of arrangement under the Business Corporations Act (B.C.).
The transaction remains subject to customary conditions to closing. As
previously announced, Norbord and Ainsworth are providing the United States Department of Justice with the information it has requested
about the transaction, and are working pro-actively with the DOJ to
ensure an expedited review process. Subject to the satisfaction or
waiver of all closing conditions, the transaction is expected to close
by the end of the first quarter of 2015.
We seek Safe Harbor.
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