By: The Working Forest Staff
NEW YORK, 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).
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On November 19, 2020, Norbord announced that it had signed an agreement to be acquired by West Fraser for approximately $3.1 billion. Pursuant to the merger agreement, Norbord stockholders will receive 0.675 shares of West Fraser common stock for each share of Norbord common stock owned. The deal is scheduled to close in the first quarter of 2021.
Bragar Eagel & Squire is concerned that Norbord’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Norbord’s stockholders.
If you own shares of Norbord and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at [email protected] or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.