US$1.25 Billion issuer bid for West FraserWith limited capex and dividends planned for WEF, will an issuer bid be announced for WEF? WEST FRASER ANNOUNCES US$1.25 BILLION SUBSTANTIAL ISSUER BID West Fraser Timber Co. Ltd.'s board of directors has approved the commencement of a substantial issuer bid, pursuant to which the company will offer to purchase from shareholders for cancellation up to $1.25-billion (U.S.) of its outstanding common shares. The Offer will proceed by way of a "modified Dutch auction" procedure with a tender price range from US$80.00 to US$95.00 per Share, representing a 1% discount to a 17% premium over the Company's volume-weighted average price on the New York Stock Exchange over the last 20 trading days.