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July 21, 2022

West Fraser Timber denies Kronospan, CVC takeover

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 ...

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