The Toronto Stock Exchange reports that West Fraser Timber Co. Ltd. has made an offer dated April 26, 2022, to purchase up to $1.25-billion (U.S.) of its common shares at a purchase price ranging from $80 (U.S.) per share to $95 (U.S.) per share. According to the TSX, the offer will expire at 5 p.m. Vancouver time on June 2, 2022, unless the offer is extended or withdrawn.

To tender to the offer, shareholders must return the letter of transmittal together with share certificates (if applicable) to Computershare Investors Services Inc. (the depositary) at its principal offices in Toronto or follow the procedures for book-entry transfer as set out in the offer. The company will select the lowest purchase price per share between $80 (U.S.) and $95 (U.S.) that will allow it to purchase the maximum number of shares tendered having an aggregate purchase price not exceeding $1.25-billion (U.S.).

According to the TSX, the notice of guaranteed delivery must be completed and received by the depositary before the offer expiry time. The letter of transmittal together with share certificates (if applicable) pertaining to the notice of guaranteed delivery must be received by the depositary before 5 p.m. Vancouver time on the second trading day on the TSX after the offer expiry date.

The TSX notes that the company may retain a dealer manager or dealer managers to form a soliciting dealer group to solicit acceptances of the offer. In that event, the company will pay customary soliciting dealer fees in connection with the tender of shares. Shareholders will not be obligated to pay any fee or commission if they accept the offer by using the services of a dealer manager. Trades on June 2, 2022, will settle on June 3, 2022.