Bullboard - Stock Discussion Forum Norbord Inc. T.OSB

Forest Products Lumber & Wood Production

"Norbord is the largest global producer of oriented strand board, which is used as a structural panel for building applications. The majority of its mills are located throughout the United States, with additional capacity in Northern Europe."

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Norbord Inc. > Yesterday's Action

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Post by retiredcf on Oct 17, 2017 8:52am

Yesterday's Action

This might be an explanation in that some of the investors who received their shares over the weekend then sold them yesterday. GLTA

Brookfield Further Reduces Its Ownership Interest In Norbord: On Friday evening, Brookfield announced that it had reduced its ownership interest in Norbord from 48.5% to 40.3% by distributing Norbord shares held in the Brookfield Capital Partners II Fund "in-kind" to the fund's investors. This represented 7.1MM (8.5%) shares. As a result, all of the remaining 34.8MM (40.3%) Norbord holdings are on account of Brookfield's own investments.

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