Canfor investor vows to vote against Pattison proposal to take company private

Softwood lumber is pictured in Richmond, B.C., Tuesday, April 25, 2017. THE CANADIAN PRESS/Jonathan Hayward

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VANCOUVER — An investment management company that controls about 4.8 per cent of the shares of Canfor Corp. says it will vote against the proposal by a Jim Pattison Group company to take the lumber company private.

Letko, Brosseau & Associates Inc. charges in a news release the offer by Great Pacific Capital Corp. is "opportunistic and significantly undervalues the company."

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Source: Coast Reporter

 

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