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TORONTO, Jan. 27, 2021 /CNW/ - S&P Dow Jones Indices announces the following changes to the S&P/TSX Composite Index:
The shareholders of West Fraser Timber Co. Ltd. (TSX: WFT) and Norbord Inc. (TSX: OSB) have agreed to the terms of a Plan of Arrangement resulting in the combination of the two companies. Each share of Norbord will be exchanged for 0.675 shares of West Fraser Timber. Norbord will be removed from the S&P/TSX Composite Index prior to the open of trading on February 3, 2021. The shares outstanding and IWF of West Fraser Timber will be updated at the same time to reflect the issuance of shares.
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SOURCE S&P Dow Jones Indices LLC.
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