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Canfor Corporation to acquire Canfor Pulp
Canfor Corporation to acquire Canfor Pulp Canada NewsWire VANCOUVER, BC , Dec....
About this update from Canfor Corporation
[{"type":"text","content":"\n\n\nCanfor Corporation to acquire Canfor Pulp\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\nCanada NewsWire\n\n\nVANCOUVER, BC, Dec. 3, 2025 /CNW/ - Canfor Corporation (TSX: CFP) (\"Canfor Corp\") and Canfor Pulp Products Inc. (TSX: CFX) (\"Canfor Pulp\") announced today that they have entered into an arrangement agreement (the \"Arrangement Agreement\") pursuant to which Canfor Corp will acquire all of Canfor Pulp's issued and outstanding common shares (each, a \"Canfor Pulp Share\") not already owned by Canfor Corp and its affiliates pursuant to a court-approved plan of arrangement under the Business Corporations Act (British Columbia) (the \"BCBCA\") (the \"Transaction\"). Under the terms of the Arrangement Agreement, the shareholders of Canfor Pulp (\"Canfor Pulp Shareholders\"), other than Canfor Corp and its affiliates, will have the option to receive, for each Canfor Pulp Share held: 0.0425 of a common share of Canfor Corp (each, a \"Canfor Corp Share\") (the \"Share Consideration\"), or $0.50 in cash (the \"Cash Consideration\" and together with the Share Consideration, the \"Consideration\"). Canfor Corp currently owns approximately 54.8% of the issued and outstanding Canfor Pulp Shares. The $0.50 per Canfor Pulp Share represents a premium of 25% to Canfor Pulp's closing share price on December 2, 2025, on the Toronto Stock Exchange (\"TSX\") and a premium of 38% based on the 10-day volume-weighted average share price of Canfor Pulp as of December 2, 2025, on the TSX.\n\n\n\n\n\n\n\nTransaction Rationale for Canfor Pulp\nIn determining that the Transaction is in the best interests of Canfor Pulp, the board of directors of Canfor Pulp (the \"Canfor Pulp Board\") considered a number of factors, including:\nConsideration reflects a premium to market price. The $0.50 per Canfor Pulp Share represents a premium of 25% to Canfor Pulp's closing share price on December 2, 2025, on the TSX and a premium of 38% based on the 10-day volume-weighted average share price of Canfor Pulp as of December 2, 2025, on the TSX.Certainty of Cash Consideration. The option to receive C...