Business
West Fraser Issues Statement
West Fraser Issues Statement Canada NewsWire VANCOUVER, BC , ...
About this update from West Fraser Timber Co. Ltd.
[{"type":"text","content":"\n \n \n \n West Fraser Issues Statement\n \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.prnml40{\nMARGIN-LEFT:3.33em !IMPORTANT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n July 19, 2022\n \n \n /CNW/ - West Fraser Timber Co. Ltd. (\"West Fraser\" or the \"Company\") (TSX and NYSE: WFG) today issued the following statement:\n \n \n The Company is aware of recent market and media speculation.  Although the Company 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.  The Company is focused on executing on its business strategy to create shareholder value.\n \n \n \n About West Fraser\n \n \n \n West Fraser is a diversified wood products company with more than 60 facilities in\n \n Canada\n \n ,\n \n the United States\n \n , the\n \n United Kingdom\n \n , and\n \n Europe\n \n .  From responsibly sourced and sustainably managed forest resources, the Company produces lumber, engineered wood products (OSB, LVL, MDF, plywood, and particleboard), pulp, newsprint, wood chips, other residuals, and renewable energy.  West Fraser's products are used in home construction, repair and remodelling, industrial applications, papers, tissue, and box materials.\n \n \n \n Forward-Looking Statements\n \n \n \n \n This release contains certain statements and information that do not relate to historical matters and constitute forward-looking statements or forward-looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Canadian securities laws (collectively, \"forward-looking statements\") and may include statements and information relating to expectations of West Fraser Timber Co. Ltd. (the \"Company\") regarding the Company's strategy, plans, goals, objectives, expectations and future operating performance; statements regarding any proposal or any proposed transaction involving the Company (there can be no assurance that any proposal com...