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Canfor Corp (CFP.TO)

CFP.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Canfor Agrees To Going Private Transaction At $16.00 Per Share
Tuesday, 29 Oct 2019 

Oct 28 (Reuters) - Canfor Corp ::CANFOR AGREES TO GOING PRIVATE TRANSACTION AT $16.00 PER SHARE.UNDER TERMS, GREAT PACIFIC WILL ACQUIRE ALL OF CANFOR SHARES IT DOES NOT ALREADY OWN FOR CASH CONSIDERATION OF $16.00 PER CANFOR SHARE.CO'S BOARD ENTERED INTO ARRANGEMENT AGREEMENT WITH GREAT PACIFIC CAPITAL CORP.ALL OF DIRECTORS, OTHER THAN BARBARA HISLOP, AND CERTAIN SENIOR OFFICERS OF CANFOR HAVE ENTERED INTO AGREEMENTS TO SUPPORT DEAL.IT IS ANTICIPATED THAT SPECIAL MEETING TO CONSIDER TRANSACTION WILL BE HELD IN DECEMBER 2019.CANFOR - UNDER TERMS OF DEAL,GREAT PACIFIC WILL ACQUIRE ALL OF CANFOR SHARES IT DOES NOT ALREADY OWN FOR CASH CONSIDERATION OF $16.00 PER CANFOR SHARE.  Full Article

Canfor Reports Q3 Adjusted Loss Per Share C$0.35
Thursday, 24 Oct 2019 

Oct 23 (Reuters) - Canfor Corp ::CANFOR REPORTS RESULTS FOR THIRD QUARTER OF 2019.Q3 ADJUSTED LOSS PER SHARE C$0.35.Q3 EARNINGS PER SHARE ESTIMATE C$-0.40 -- REFINITIV IBES DATA.LUMBER MARKET FUNDAMENTALS REMAINED RELATIVELY UNCHANGED THROUGH Q3 OF 2019.QTRLY PULP PRODUCTION WAS 174,000 TONNES, DOWN 126,000 TONNES, OR 42%, FROM PREVIOUS QUARTER.QTRLY PULP SHIPMENTS WERE 213,000 TONNES, DOWN 75,000 TONNES, OR 26%, FROM PREVIOUS QUARTER.QTRLY LOSS PER SHARE C$0.72.LUMBER SEGMENT LOSSES PRIMARILY REFLECTED PROLONGED WEAKNESS IN WESTERN SPRUCE/PINE/FIR BENCHMARK LUMBER PRICES IN QUARTER.CANFOR -GLOBAL PULP MARKETS WEAKENED FOR 3RD STRAIGHT QUARTER WITH TEPID DEMAND, INVENTORY OVERSUPPLY IN CHINA, EUROPE WEIGHING ON GLOBAL PULP PRICES.  Full Article

Interfor Enters Into Agreement To Acquire BC Interior Cutting Rights From Canfor
Tuesday, 4 Jun 2019 

June 3 (Reuters) - Interfor Corp ::INTERFOR ENTERS INTO AGREEMENT TO ACQUIRE BC INTERIOR CUTTING RIGHTS FROM CANFOR.INTERFOR TO FINANCE ACQUISITION FROM ITS AVAILABLE CASH BALANCE AND/OR BORROWINGS UNDER ITS EXISTING BANK CREDIT FACILITY.  Full Article

Canfor Says Agreement To Sell Vavenby Forest Tenure To Interfor For $60 Mln
Tuesday, 4 Jun 2019 

June 3 (Reuters) - Canfor Corp ::CANFOR TO PERMANENTLY CLOSE VAVENBY SAWMILL.CANFOR HAS REACHED AN AGREEMENT TO SELL FOREST TENURE ASSOCIATED WITH VAVENBY SAWMILL TO INTERFOR FOR A PRICE OF $60 MILLION.AFTER CLOSURE OF VAVENBY, CANFOR WILL HAVE 12 SAWMILLS IN CANADA, WITH TOTAL ANNUAL CAPACITY OF APPROXIMATELY 3.55 BILLION BOARD FEET.  Full Article

Canfor Reports Results For First Quarter Of 2019
Wednesday, 1 May 2019 

May 1 (Reuters) - Canfor Corp ::CANFOR REPORTS RESULTS FOR FIRST QUARTER OF 2019.Q1 ADJUSTED LOSS PER SHARE C$0.29.Q1 EARNINGS PER SHARE ESTIMATE C$-0.15 -- REFINITIV IBES DATA.QUARTERLY SALES C$1,148.7 MILLION VERSUS C$1,233.5 MILLION.QUARTERLY LOSS PER SHARE C$0.71.  Full Article

Canfor to acquire majority interest in Vida Group of Sweden
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - Canfor Corp ::CANFOR TO ACQUIRE MAJORITY INTEREST IN VIDA GROUP OF SWEDEN.CANFOR CORP - DEAL FOR PURCHASE PRICE OF 3,990 MILLION SWEDISH KRONA.CANFOR CORP - ANTICIPATES BEING ABLE TO FINANCE THIS TRANSACTION WITH CASH AND LIQUIDITY ON HAND.CANFOR CORP - CURRENT OWNERS OF VIDA WILL RETAIN A 30% INTEREST AND CONTINUE TO MANAGE DAY-TO-DAY BUSINESS.  Full Article

Canfor Pulp Says President Brett Robinson Will Be Leaving​ Co
Tuesday, 6 Mar 2018 

March 5 (Reuters) - Canfor Pulp Products Inc ::CANFOR PULP PRODUCTS INC - ‍DUE TO AN ORGANIZATIONAL CHANGE, BRETT ROBINSON, PRESIDENT OF CANFOR PULP, WILL BE LEAVING​ CO.CANFOR PULP - ‍PRESIDENT RESPONSIBILITIES WILL BE CONSOLIDATED UNDER DON KAYNE, CEO OF CANFOR PULP & CANFOR CORP.  Full Article

Canfor Qtrly Earnings Per Share ‍$ 1.02
Friday, 23 Feb 2018 

Feb 22 (Reuters) - Canfor Corp ::CANFOR REPORTS RESULTS FOR FOURTH QUARTER OF 2017.Q4 ADJUSTED EARNINGS PER SHARE C$0.89.QTRLY EARNINGS PER SHARE ‍$ 1.02​.‍U.S. HOUSING MARKET IS FORECAST TO CONTINUE ITS ONGOING GRADUAL RECOVERY THROUGH 2018​.QTRLY ‍CONSOLIDATED SALES TO EXTERNAL CUSTOMERS C$1,182.2 MILLION VERSUS C$1,043.5 MILLION​.Q4 EARNINGS PER SHARE VIEW C$0.80 -- THOMSON REUTERS I/B/E/S.  Full Article

PRESS DIGEST- Canada-Oct 29

Oct 29 The following are the top stories from Canada's Globe and Mail newspaper. Reuters has not verified these stories and does not vouch for their accuracy.