CAREERS OFFICES NEWS MCMILLAN VANTAGE ENFR中文 Our People Expertise Insights Our Firm Contact Us SEARCH McMillan LLP Advises West Fraser on C$1.0 Billion Substantial Issuer Bid Related People Tom Theodorakis* Michael H. Taylor* Stephen D. Wortley Ravipal S. Bains Michelle C. Wong Julianna Ivanyi Joni Liew Vernon Bajaj Peter Botz* Michael Friedman* Michael Hassar Related Industries Forest Products Related Practices Capital Markets & Securities Tax Home Deals & Cases McMillan LLP Advises West Fraser on C$1.0 Billion Substantial Issuer Bid On August 20, 2021, West Fraser Timber Co. Ltd. (“West Fraser”) announced the completion of its substantial issuer bid (“SIB”) pursuant to which West Fraser purchased from shareholders for cancellation a total of 10,309,278 common shares at a price of C$97.00 per share for an aggregate purchase price of C$1.0 billion. The SIB followed the completion of West Fraser’s acquisition of Norbord Inc. earlier this year, the listing of its common shares on the New York Stock Exchange, the refinancing of its credit facilities and the redemption of US$665 million of Norbord Inc.’s bonds. West Fraser is a diversified wood products company with more than 60 facilities in Canada, the United States, the United Kingdom, and Europe. West Fraser’s products are used in home construction, repair and remodeling, industrial applications, papers, tissue, and box materials. West Fraser is listed on the TSX and NYSE. McMillan LLP acted as Canadian and U.S. securities counsel to West Fraser in connection with the SIB, with a team comprising of Tom Theodorakis, Michael Taylor, Stephen Wortley, Ravipal Bains, Michelle Wong, Julianna Ivanyi, Joni Liew and Vernon Bajaj. McMillan LLP also acted as Canadian tax counsel to West Fraser with a team comprising of Peter Botz, Michael Friedman and Michael Hassar. Subscribe for updates Get updates delivered right to your inbox. You can unsubscribe at any time. SUBSCRIBE OUR PEOPLE Lawyers Law Students Law Clerks & Paralegals Business Professionals EXPERTISE Practices Industries International Deals & Cases INSIGHTS Publications Events Webinars OUR FIRM About Our Firm Alumni Client Service Terms Community Involvement Equity, Diversity and Inclusion ESG Initiative Gender Parity Initiative Pro Bono OFFICES Vancouver Calgary Toronto Ottawa Montréal Hong Kong PRIVACY POLICY COOKIE POLICY TERMS OF USE ACCESSIBILITY SITE MAP © Copyright 2021 McMillan LLP. All rights reserved. Our website uses cookies that are necessary for site navigation, user input, and security purposes. By continuing to use our website, you are agreeing to our use of cookies as described in our Cookie Policy. Close