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TimberWest has agreed to be acquired by Canadian pension funds, British Columbia Investment Management Corp. (bcIMC) and Public Sector Pension Investment Board (PSP Investments). The transaction is for $1.03 billion cash, including assumed debt. V. Edward Daughney, Chairman of the board of directors of TimberWest, said, “We believe this transaction provides significant value to TimberWest [...]
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TimberWest to be acquired by two Canadian pension funds
Mon 11 Apr 2011 08:00:03 AM EDTTimberWest has agreed to be acquired by Canadian pension funds, British Columbia Investment Management Corp. (bcIMC) and Public Sector Pension Investment Board (PSP Investments). The transaction is for $1.03 billion cash, including assumed debt. V. Edward Daughney, Chairman of the board of directors of TimberWest, said, “We believe this transaction provides significant value to TimberWest [...]
Posted by ForestTalk.com
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