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BRIEF-Canfor To Acquire Elliott Sawmilling Co., Inc.

Published 2018-11-09, 05:06 p/m
Updated 2018-11-09, 05:10 p/m
© Reuters.  BRIEF-Canfor To Acquire Elliott Sawmilling Co., Inc.

Nov 9 (Reuters) - Canfor Corp CFP.TO :

* CANFOR TO ACQUIRE ELLIOTT SAWMILLING CO., INC.

* CANFOR CORP - DEAL FOR PURCHASE PRICE OF US$110 MILLION, WHICH INCLUDES NORMALIZED WORKING CAPITAL.

* CANFOR CORP - NASH ELLIOTT WILL CONTINUE AS GENERAL MANAGER AFTER TRANSACTION IS COMPLETED

* CANFOR CORP - DEAL TO BE COMPLETED IN 2 PHASES WITH 49% BEING ACQUIRED ON CLOSING, 51% ONE YEAR LATER

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