Business
West Fraser Timber Co. Ltd. - Intended Share Sales
West Fraser Timber Co. Ltd. - Intended Share Sales.
About this update from West Fraser Timber Co. Ltd.
[{"type":"text","content":"\n\n\n\n(TSX: WFT)\n\n\nVANCOUVER, Feb. 15 /CNW/ - Two of the Company's principal shareholders,\nKetcham Investments, Inc. and Tysa Investments, Inc., have today filed notices\nwith Canadian securities regulators confirming their intention to sell up to a\ntotal of 2,000,000 Common shares of the Company. The notices, which are\nrequired to be filed whenever a \"control person\" intends to sell shares,\nindicate that sales will be conducted through the Toronto Stock Exchange. Each\nof Ketcham and Tysa is owned by members of the Ketcham family.\n\n\nThe Company has been advised that the intended sales are being considered\nfor investment diversification, estate planning and tax reasons. Despite these\nindications of an intention to sell shares of the Company, there is no\nrequirement on any of the named shareholders to complete any sales.\n\n\nWest Fraser is an integrated forest products company that produces\nlumber, wood chips, LVL, MDF, plywood, pulp, linerboard, kraft paper and\nnewsprint. The Company has manufacturing operations in British Columbia,\nAlberta and the southern United States. West Fraser has approximately\n6,900 employees and is headquartered in Vancouver, British Columbia.\n\n\n","length":1255,"tagName":"div"}]