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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.

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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.

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