A B.C. billionaire's bid to take full control of the province's largest forestry company is likely good for his bottom line, analysts say, but whether struggling mill towns should be heartened by the news is a matter of debate.
Jim Pattison's Great Pacific Capital Corp. wants to purchase the 49 per cent of Canfor it doesn't already own with the intention of taking the company private, a move that led to a bounce in the Vancouver-based company's stock prices Monday.
Source: CBC News
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