Brief: West Fraser And Mercer Announce Dissolution Of Cariboo Pulp And Paper Joint Venture

West Fraser Timber Co

02/04/2024 22:25

April 2 (Reuters) - West Fraser Timber Co Ltd  WFG.TO :
    * WEST FRASER AND MERCER ANNOUNCE DISSOLUTION OF CARIBOO
PULP AND
PAPER JOINT VENTURE
    * WEST FRASER TIMBER CO LTD - WEST FRASER WILL CONTINUE AS
SOLE
OWNER/OPERATOR OF MILL, DOING BUSINESS AS CARIBOO PULP AND PAPER
COMPANY
    * WEST FRASER TIMBER CO LTD - MERCER EXPECTS TO RECOGNIZE A
NON-CASH IMPAIRMENT IN Q1 IN CONNECTION WITH DISSOLUTION OF
JOINT VENTURE
    * WEST FRASER TIMBER CO LTD - NO TERMINATION OR OTHER
AMOUNTS ARE
PAYABLE BY EITHER COMPANY IN CONNECTION WITH TERMINATION OF
JOINT VENTURE
    * WEST FRASER TIMBER CO LTD - MERCER WILL RETAIN CERTAIN
FINISHED
PRODUCT INVENTORY IN CONNECTION WITH TRANSACTION

Source text for Eikon:  ID:nCNWtYMxQa 
Further company coverage:  WFG.TO 

 ((Reuters.Briefs@thomsonreuters.com;))