Selling Some WFG 07:30 AM EDT, 03/19/2021 (MT Newswires) -- Brookfield Asset Management Inc. (BAM.A-TO, BAM) overnight Thursday said that between March 1, 2021 and March 18, 2021, it disposed of 2.44 million common shares in the capital of West Fraser Timber Co. (WFG.TO) on the TSX in open market sales for aggregate cash consideration of $207.45 million. The West Fraser shares were sold at between $80 and $88.66 each.
Brookfield held an aggregate of 20.8 million West Fraser shares, an approximately 17.2% stake, before the sales. This has now been reduced to 15.2%.
Brookfield holds the West Fraser shares for investment purposes.
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