Business
West Fraser announces regulatory approval granted for U.S. acquisition
West Fraser announces regulatory approval granted for U.S. acquisition.
About this update from West Fraser Timber Co. Ltd.
[{"type":"text","content":"\n\n\n\n(TSX: WFT)\n\n\nVANCOUVER, Jan. 4 /CNW/ - West Fraser Timber Co. Ltd. (TSX: WFT)\nannounced today that, further to its news release of November 29, 2006, the\nUnited States Federal Trade Commission (the \"FTC\") has granted early\ntermination of the applicable waiting period under the Hart-Scott-Rodino\nAntitrust Improvements Act of 1976 (the \"HSR Act\") with respect to West\nFraser's proposed acquisition of 13 sawmills from International Paper Company\n(NYSE: IP). This ends antitrust review of the proposed transaction by the FTC\nand the United States Department of Justice, as required under the HSR Act.\nThe transaction, which is subject to customary conditions, is expected to\nclose at the end of the first quarter of 2007.\n\n\nAbout West Fraser\n\n\nHeadquartered in Vancouver, B.C., West Fraser is an integrated forest\nproducts company that produces lumber, LVL, MDF, plywood, pulp, linerboard,\nkraft paper and newsprint. The Company currently has 6,900 employees and\noperations in British Columbia, Alberta and the southern United States. All of\nWest Fraser's managed Canadian woodlands are certified to a third-party and\nindependently-verified sustainable forest management standard, either the\nSustainable Forestry Initiative (SFI) or Canada's national standard for\nsustainable forest management (CAN/CSA Z809).\n\n\n","length":1386,"tagName":"div"}]