Billionaire Pattison supports West Fraser's deal to buy Norbord

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Canadian billionaire businessman Jimmy Pattison says he supports West Fraser Timber Co. Ltd.’s friendly all-stock deal to buy rival Norbord Inc. for $4 billion.

“I think it’s a very good move,” Pattison, chairman and chief executive officer of Jim Pattison Group, said in a telephone interview on Thursday. “It’s an exciting development. We definitely support the deal.”

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Source: BN Bloomberg

 

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