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Stock impact report

Interfor takes toehold in GreenFirst Forest Products, continuing expansion in eastern Canada [Globe and Mail, The (Toronto, Canada)]

Bank Nova Scotia Halifax Pfd 3 Ordinary Shares (BNS) 
Last bank nova scotia halifax pfd 3 ordinary shares earnings: 2/25 05:30 am Check Earnings Report
increase laid the groundwork for further expansion in Eastern Canada this week by acquiring a 16.2-per-cent stake in GreenFirst Forest Products Inc. GFP-T increase , a move analysts called a prelude to a takeover. Interfor bought 28.7 million shares in GreenFirst for $56-million on Monday from pulp and paper company Rayonier A.M. Canada G.P., which acquired the stake as part of its 2017 takeover of Tembec Inc. Several elements of the transaction point to Interfor eventually taking full control of GreenFirst, which has a $350-million market capitalization, according to analysts. Based in Burnaby, B.C., Interfor is one of Canada's largest lumber companies, with a $2.2-billion market capitalization. In a press release on Monday, Interfor said it may be “developing plans or intentions or taking actions which relate to or would result in one or more transactions involving securities of GreenFirst.” Interfor also granted Rayonier “certain price protection provisions” on its share Show less Read more
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