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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 ...
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