VANCOUVER, Aug. 18, 2017 /CNW/ - West Fraser Timber
Co. Ltd. announced today that, further to its news release of
July 26, 2017, the United States Federal Trade Commission (the
"FTC") has granted early termination of the applicable waiting
period under the Hart‑Scott‑Rodino Antitrust Improvements Act of
1976 (the "HSR Act") with respect to West Fraser's proposed
acquisition of six sawmills and a finger‑joint mill from the Howard
Gilman Foundation and other shareholders. This ends antitrust
review of the proposed transaction by the FTC and the United States
Department of Justice, as required under the HSR Act. The
transaction, which is subject to other customary conditions, is
expected to close before quarter end.
The Company
West Fraser is a diversified wood products company producing
lumber, LVL, MDF, plywood, pulp, newsprint, wood chips and energy
with facilities in western Canada
and the southern United
States.
Forward‑Looking Statements
This release contains historical information, descriptions of
current circumstances and statements about potential future
developments including a statement regarding the anticipated timing
of the transaction between the Company and the Howard Gilman
Foundation and other shareholders. The latter, which is a
forward‑looking statement, is presented to provide reasonable
guidance to the reader but its accuracy depends on a number of
assumptions and is subject to various risks and
uncertainties. Actual outcomes and results will depend on a
number of factors that could affect the ability of the Company to
execute its business plans, including those matters described in
the 2016 annual Management's Discussion & Analysis under
"Risks and Uncertainties", and may differ materially from those
anticipated or projected. Accordingly, readers should
exercise caution in relying upon forward‑looking statements and the
Company undertakes no obligation to publicly revise them to reflect
subsequent events or circumstances, except as required by
applicable securities laws.
West Fraser shares trade on the Toronto Stock Exchange under the
symbol: "WFT".
SOURCE West Fraser Timber Co. Ltd.