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Canfor Scraps Plan to Go Private

Canfor Corp., Vancouver, B.C., and Great Pacific Capital Corp. have mutually called off their plan to buy the remaining 49% of Canfor that it does not already own and take the company private.

Canfor Corp., Vancouver, B.C., and Great Pacific Capital Corp. have mutually called off their plan to buy the remaining 49% of Canfor that it does not already own and take the company private.

Although the deal was supported by a special committee from Canfor’s board, a proxy vote by Canfor shareholders showed just 45% approving.

526 Media Group

Publisher of two monthly magazines for LBM dealers and distributors—The Merchant Magazine, founded in 1922 to serve the western U.S., and Building Products Digest, formed in 1982 to serve east of the Rockies.

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