Subscribe Today

Get our free articles delivered directly to your email!

Continue reading

According to Reuters, West Fraser Timber (WFG) approached by Private equity firm CVC Capital and Kronospan

  • July 19, 2022


StockWest Fraser Timber Co. Ltd.SymbolWFG
Date Announced07/19/2022Source Reuters
TypeNews Report

Private equity firm CVC Capital and wood panel manufacturer Kronospan have submitted a joint expression of interest to acquire Canadian lumber company West Fraser Timber Co (WFG), people familiar with the matter said.


July 19, 2022: West Fraser Timber Co (WFG) has previously met with Kronospan, an existing shareholder, and CVC Capital Partners, the Company has not received a proposal and there are no ongoing discussions regarding the terms of any transaction.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.