Canfor Corporation has agreed to acquire the approximately 45% of Canfor Pulp Products Inc. shares it does not already own. The offer provides minority shareholders with the option of $0.50 in cash per share or 0.0425 of a Canfor Corporation common share. The cash offer represents a 25% premium to Canfor Pulp's closing share price on 2 December 2025. Canfor Corporation currently holds a 54.8% interest in Canfor Pulp.
The transaction is intended to create a stronger combined business and provide Canfor Pulp with improved liquidity, with expected cost synergies. A shareholder owning approximately 4.4% of Canfor Pulp has entered a voting agreement in support of the deal. The proposal is subject to shareholder, court, and regulatory approvals, with completion anticipated in the Q1 2026.
