Feb 4 (Reuters) - Acadian Timber Corp ADN.TO :
* Review of strategic alternatives
* Says board of directors has initiated a review of strategic alternatives
* Board of directors has formed a special committee, which has engaged
scotiabank as its financial advisor, to assist in review process
* Strategic alternatives may include sale of all or parts of business, merger
or other business combination
* Says review process has not been initiated in response to the receipt of any
transaction proposal
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