© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - Norbord’s and Ainsworth’s Merger
Posted 28th May 2015

Norbord’s and Ainsworth’s Merger

Norbord's and Ainsworth's Merger

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Norbord’s and Ainsworth’s Merger

Norbord’s and Ainsworth’s Merger

View Biography
Image

Michael Siltala, Represented Norbord

Norbord Inc. (“Norbord”) (TSX: NBD) and Ainsworth Lumber Co. Ltd. (“Ainsworth”) (TSX: ANS) today announced that they have been informed by the Antitrust Division of the United States Department of Justice that it has closed its review of the previously announced combination of Norbord and Ainsworth.  Norbord and Ainsworth expect the transaction to be completed on March 31, 2015.

On December 8, 2014, Norbord and Ainsworth announced that they had entered into an arrangement agreement under which Norbord and Ainsworth would merge to create a leading global wood products company focused on oriented strand board (OSB) across North America, Europe and Asia.  Under the terms of the transaction, Norbord will acquire all of the outstanding common shares of Ainsworth in an all-share transaction. Ainsworth shareholders will receive 0.1321 of a share of Norbord for each Ainsworth share.

On January 27, 2015, the transaction was overwhelmingly approved by the shareholders of each of Norbord and Ainsworth.  On January 30, 2015, the Supreme Court of British Columbia granted a final order approving the combination of Norbord and Ainsworth by way of a plan of arrangement under the Business Corporations Act (British Columbia).

Categories: M&A, Strategy


You Might Also Like
Read Full PostRead - Eye Icon
Aesthetics Clinic Secures Success!
Innovation
08/10/2021Aesthetics Clinic Secures Success!

The advent of new and exciting procedures has encompassed all walks of the medical world, and it is top providers who ensure they offer these services. None is finer than the team behind Dr. Katie Clinic. It has achieved the remarkable under the leadership of

Read Full PostRead - Eye Icon
Big Costs and Plummeting Share Prices Ahead for Companies Hit Hardest by Social Distancing
Finance
21/07/2020Big Costs and Plummeting Share Prices Ahead for Companies Hit Hardest by Social Distancing

This was particularly the case in companies with a strong connection to tourism, whereas, companies in the tech and communications sectors, were found to be hardly affected and will return to pre-COVID levels by early next year.

Read Full PostRead - Eye Icon
Protecting Your Assets and Your Future: When to Seek Specialized Legal Counsel
News
27/05/2024Protecting Your Assets and Your Future: When to Seek Specialized Legal Counsel

New York City is synonymous with success. Wall Street titans, real estate moguls, and entrepreneurs who’ve built their empires all call it home. But behind the private jets and Fifth Avenue penthouses lies a reality those of more modest means rarely have

Read Full PostRead - Eye Icon
What Does Retirement Planning Include
Finance
10/05/2023What Does Retirement Planning Include

Every person starts thinking about retirement at some point. The reality is, you will need a lot of money to live a comfortable life after retiring, and collecting such an amount of cash takes time.

Read Full PostRead - Eye Icon
Tech Trends for Charities in 2023
News
10/05/2023Tech Trends for Charities in 2023

The charity sector is bouncing back from three years of disruption – and technology is at the heart of the recovery.

Read Full PostRead - Eye Icon
Reduce Employee Turnover With These 5 Strategies
Strategy
01/03/2023Reduce Employee Turnover With These 5 Strategies

Managing a business is more than overseeing your operations and keeping your company's finances afloat. One of the equally important tasks you must prioritize is caring for your organization's vital asset- your employees.

Read Full PostRead - Eye Icon
Future-Proofing Business Strategies with Dynamic Board Portal Solutions
News
22/01/2024Future-Proofing Business Strategies with Dynamic Board Portal Solutions

Businesses that refuse to adapt will lose customers and go out of business —that’s the standard from time immemorial but it happens faster in the fast-moving modern business world. But how can heads of businesses survive this constantly shifting co

Read Full PostRead - Eye Icon
Intertwining Technology to Solve Business Solutions
Innovation
30/08/2019Intertwining Technology to Solve Business Solutions

Globus Eight Inc provides IT security and support, healthcare domain support and IoT framework services. Following their recent success in AI’s Global Excellence Awards 2019, we profiled the firm and caught up with CEO, Alok Sinha who provided us with a deta

Read Full PostRead - Eye Icon
How to Manage Inventory in Your Laboratory (and Why it’s So Important)
News
01/06/2022How to Manage Inventory in Your Laboratory (and Why it’s So Important)

In a laboratory setting, inventory management is a crucial, albeit boring process. You need to be aware of stock on-hand, inventory available for purchase, and all of the equipment, consumables, supplies, reagents, and other critical assets that are housed in



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow