At the end of q1, Canfor had ~1.1 billion in cash and will likely generate another 400-500 million from q2. They have no debt essentially. They can easily raise and afford the extra cash needed to acquire Interfor. They will need to replace their BC lumber which will be the least profitable in North America going forward for the immediate future. Acquiring Interfor while it's cheap would be a smart move but Don Kayne sucks.

west Fraser used their 1.2 billion at the end of q1 to buy back 10% of their shares, however, they will generate another billion in q2 and with a market cap over 10 billion and no debt, they could easily acquire Interfor. Canfor will no longer be even close to West Fraser if west Fraser beats it to Interfor.