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OSB - Norbord, Inc.
-0.67(-1.74%)9:00:02 PM 11/25/2020
Norbord, Inc. engages in the manufacturing, sales, marketing and distribution of wood-based panelboards and related products. Its products are used in the construction of new homes or in the renovation and repair of existing structures. The company was founded in 1987 and is headquartered in Toronto, Canada.
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    World’s Top Lumber Firm Sees Homebuilding Surge Going Strong

    (Bloomberg) -- Strong homebuilding activity in North America will mean tight wood supply and demand for several more years, according to the top executive of the world’s largest lumber producer.“In the next five years, we see housing starts continuing to be strong and an industry that will be working hard to keep up with demand,” West Fraser Timber Co. Ltd. Chief Executive Officer Ray Ferris said Wednesday in a phone interview.West Fraser sells about 30% to 40% of its products into the housing i...

    Moore Kuehn Encourages FBM, CIT, OSB, and CXO Investors to Contact Law Firm

    NEW YORK, Nov. 24, 2020 (GLOBE NEWSWIRE) -- Moore Kuehn, PLLC, a securities litigation law firm located on Wall Street in downtown New York City, is investigating potential claims concerning whether the following proposed mergers are fair to shareholders. Moore Kuehn may ultimately seek increased consideration, additional disclosures, or other relief and benefits on behalf of the shareholders of these companies: * Foundation Building Materials (NYSE: FBM) Foundation Building Materials has ag...

    NORBORD ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of OSB and Encourages Investors to Contact the Firm

    NEW YORK, Nov. 23, 2020 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of Norbord Inc. (NYSE: OSB) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by West Fraser Timber Co. Ltd. (Other OTC: WFTBF). Click here to learn more and participate in the action.On November 19, 2020, Norbord announced that it had signed an...

    Norbord Inc. -- Moody's places Norbord's Ba1 ratings on review for upgrade

    Moody's Investors Service ("Moody's") placed the Ba1 corporate family rating (CFR), Ba1-PD probability of default rating (PDR) and Ba1 senior secured note rating of Norbord Inc. ("Norbord") on review for upgrade. The review follows the company's announcement[1] that it has signed an agreement to be acquired by Baa3-rated West Fraser Timber Co. Ltd. ("West Fraser"), the world's largest lumber producer. "The review for upgrade was prompted by the possibility that Norbord's credit profile will im...

    Norbord Inc. -- Moody's says West Fraser's acquisition of Norbord is credit positive

    Moody's Investors Service, ("Moody's") says that West Fraser Timber Co. Ltd. (West Fraser, Baa3 negative) announcement yesterday that it has signed an agreement to acquire Norbord Inc. (Norbord, Ba1 stable), the world's largest oriented strand board (OSB) producer, in a stock-for-stock transaction valued at approximately $3.1 billion is credit positive. The deal is credit positive because Norbord's panel business will significantly improve West Fraser's scale, geographic and operational diversi...

    North American Homebuilding Binge Fuels $3.1 Billion Takeover

    (Bloomberg) -- A Canadian lumber giant agreed to spend about C$4 billion ($3.1 billion) to buy the world’s biggest maker of a plywood substitute, tapping into the high demand for wood products during a pandemic-fueled surge in homebuilding.West Fraser Timber Co. Ltd. has long sought to expand into oriented strand board, an inexpensive plywood substitute that’s mostly used in residential construction. The Vancouver-based company’s focus on the housing industry -- which drives wood consumption -- ...

    Wood-Products Firm Norbord Agrees to US$3.1B West Fraser Offer

    Wood-products company Norbord definitively agreed to be bought by West Fraser in an all-stock deal valued at C$4 billion (US$3.1 billion).

    IIROC Trade Resumption - OSB

    TORONTO, Nov. 19, 2020 /CNW/ - Trading resumes in: Company: Norbord Inc.