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

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

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