Jun 29, 2011. TimberWest Forest Corp. announced the completion of the plan of arrangement under which British Columbia Investment Management Corporation ("bcIMC") and the Public Sector Pension Investment Board indirectly acquired all of TimberWest's outstanding stapled units at a price of $6.16 in cash per stapled unit.
Acquisition of Timberwest by Bcimc and Psp Investments сompleted
Jun 29, 2011. /Lesprom Network/. TimberWest Forest Corp. announced the completion of the plan of arrangement under which British Columbia Investment Management Corporation ("bcIMC") and the Public Sector Pension Investment Board indirectly acquired all of TimberWest's outstanding stapled units at a price of $6.16 in cash per stapled unit (the "Transaction").
With the completion of the Transaction, TimberWest's stapled units will be delisted from the Toronto Stock Exchange following the close of trading on June 29, 2011.
TimberWest is uniquely positioned as western Canada's largest private timber and land management company. The Company owns in fee simple approximately 327,000 hectares or 808,000 acres of private land and is in the business of selling timber products and real estate.
