Some Canfor’s shareholders might oppose acquisition by Great Pacific

Some Canfor’s shareholders might oppose acquisition by Great Pacific
    One of Canfor Corporation’s shareholders says it will oppose the pending acquisition of the remaining Canfor shares by Great Pacific Capital Corp.    Letko, Brosseau & Associates is an independent investment manager that manages about $27 billion for institutional and private clients. It holds approximately 4.7 per cent of the outstanding shares of Canfor.    In a release, the firm says the proposed offer is “very opportunistic and significantly undervalues” Canfor.    Great Pacific Capital has offered $16 per share for the approximately 49 per ...

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