share_log

BRIEF-Interfor To Acquire Eacom Timber For C$490 Mln

reuters ·  Nov 23, 2021 21:54

Nov 23 (Reuters) - Interfor Corp IFP.TO :

* INTERFOR TO ACQUIRE EACOM TIMBER CORPORATION, ADDING ONE BILLION BOARD FEET OF LUMBER PRODUCTION AND EXPANDING REGIONAL AND PRODUCT DIVERSITY

* INTERFOR CORP - PURCHASE PRICE IS C$490 MILLION, ON A CASH AND DEBT FREE BASIS

* INTERFOR CORP - REACHED AGREEMENT WITH AFFILIATE OF KELSO TO ACQUIRE 100% OF EQUITY INTERESTS OF EACOM

* INTERFOR CORP - ACQUISITION WILL BE IMMEDIATELY ACCRETIVE TO INTERFOR'S EARNINGS

* INTERFOR CORP - DEAL EXPECTED TO PROVIDE ATTRACTIVE RETURNS IN BOTH NEAR-TERM AND OVER LONG-TERM

* INTERFOR CORP - INTENDS TO FINANCE ACQUISITION WITH A COMBINATION OF CASH ON HAND AND ITS EXISTING CREDIT FACILITIES

Source text for Eikon: ID:nGNXbs7ZBS Further company coverage: IFP.TO

((Reuters.Briefs@thomsonreuters.com;))

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment