Post by
sunshine7 on May 27, 2021 6:58pm
Acquisition of Four US Sawmills...
INTERFOR CORPORATION ("Interfor" or the "Company") (TSX: IFP) announced today that it has reached an agreement with Georgia-Pacific Wood Products LLC and GP Wood Products LLC (collectively "Georgia-Pacific") to acquire four of its sawmill operations located in Bay Springs, MS, Fayette, AL, DeQuincy, LA and Philomath, OR (collectively the "Sawmill Operations"). The total purchase price of US$375 MM, which includes working capital, will be funded entirely from cash on hand...
Comment by
WindsorGuy on May 27, 2021 8:44pm
Smart move. Increasing US exposure using excess cash on hand to pay for it This only increases the companies book value.
Comment by
sunshine7 on May 27, 2021 8:57pm
done with 2Q earnings. Much better play than special dividend