RE:RE:RE:RE:What's not to likeI'm betting the same as you are -- that this happened. Well, it's not really a bet as it just means maintaining my positon in both, but I'd be inclined to see see BAM get paid.
Notably, in the presentaiton on page 15, both companies have a similar amount of cash on hand as of Q3. So combined pro forma cash is $475M. That's plenty I think. So, OSB may distribute the full Q4 earnings via Spec. Div. WFT may follow suit. There's not strategic need to come into the merged entity sitting on a billion + in cash -- that's the domain of an inefficient balance sheet.
https://www.norbord.com/cms/wp-content/uploads/West-Fraser-Norbord-Presentation.pdf
The only downside will be perception. The OSB crowd may howl they'ld like these to keep running, not die with WFT. So that's where action for WFT shareholders in Q4 would be hlepful and welcome.
So full Q4 earnings going to us (and our friends BAM) could be as high as $5 or even $6 a share perhaps depending just on how strong Q4 was. And it's a howler for the ages I think.