One of Canfor Corporation’s shareholders says it will oppose the pending acquisition of the remaining Canfor shares by Great Pacific Capital Corp. Letko, Brosseau & Associates is an independent investment manager that manages about $27 billion for institutional and private clients. It holds approximately 4.7 per cent of the outstanding shares of Canfor. In a release, the firm says the proposed offer is “very opportunistic and significantly undervalues” Canfor. Great Pacific Capital has offered $16 per share for the approximately 49 per ...
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