Takeover
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Norvik moves closer to acquire Bergs Timber
The extraordinary general meeting of Bergs Timber AB shareholders has been called for December 27 to approve the SEK1.54bn takeover offer from Norvik hf (approximately EUR 135.52 million).... Continue reading
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December 5, 2023
Norvik moves closer to acquire Bergs Timber
The extraordinary general meeting of Bergs Timber AB shareholders has been called for December 27 to approve the SEK1.54bn takeover offer from Norvik hf (approximately EUR 135.52 million).... Continue reading
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July 21, 2022
West Fraser Timber denies Kronospan, CVC takeover
West Fraser Timber Co. Ltd. says it has not received any takeover offer after a report that Kronospan, an existing shareholder, and CVC Capital Partners were interested in making a bid for the company. West Fraser says it previously met with Kronospan and the private equity firm, but it has not received a proposal and there are no ongoing discussions regarding the terms of any transaction. It says it is focused on "executing on its business strategy to create shareholder value." A media report suggested that CVC Capital and wood panel manufacturer Kronospan had submitted a joint expression of interest in buying the company. Shares in West Fraser closed up 14.7 per cent to $123.83 on Tuesday. Analysts say there could be "material hurdles" to clear before any transaction could occur. That's because West Fraser filings says certain corporate transaction may require approvals from... Continue reading
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December 5, 2023
Norvik moves closer to acquire Bergs Timber
The extraordinary general meeting of Bergs Timber AB shareholders has been called for December 27 to approve the SEK1.54bn takeover offer from Norvik hf (approximately EUR 135.52 million).... Continue reading