West Fraser Timber Co Ltd T.WFG

Dutch auction of up to $1B announced today

[Dunworkin2]

West Fraser Announces C$1.0 Billion Substantial Issuer Bid | 2021-07-07 | Press Releases | Stockhouse

[DivChain]

We now have a base support level of $85 for the rest of the summer. I'll start the auction off at $98,Lol.

[lifeisgood1010]

At $85 that would reduced the share count by 11.764 million At $98 it would be reduced by 10.204 million So,it will be somewhere in between these two number Amazing. Maybe one day, investors realize how much money these lumber company have become printing $$$ machine. These lumber prices have dramatically transformed the balance sheets of these company

[Frost19]

"In various open market transactions between May 22 and June 24, 2021, Brookfield sold an aggregate of 1,174,972 Common Shares over the Toronto Stock Exchange for aggregate consideration of C$104,062,873 (excluding brokerage commissions). Additionally, on July 2, 2021, Brookfield, through BIC WFG, sold an aggregate of 5,156,885 Common Shares over the Toronto Stock Exchange to

[lifeisgood1010]

Nice pick up Frost19. On the Edgar filling,it is stated that Brookfield still hold 1,115,217 shares or 0.9% They are no longer a factor on the selling side. Thanks

[Frost19]

Hey Life,  Yeah your right they still have that 1.1M left. I wouldn'tbe suprised if WFG bought all of it under this new program