Canfor has announced the arrangement agreement between themselves and Great Pacific Capital Corp., owned by Jim Pattison has been terminated. In a release, the company said that the ‘majority of the minority’ vote required to approve the transaction was not achieved by the 12-16-19 proxy cutoff. Canfor stated that roughly 45% of the votes cast by proxy by minority shareholders were in favor of the agreement.
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Canfor to Remain Public Company