NEW YORK, Nov. 23, 2020 -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of Norbord Inc. (NYSE: OSB) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by West Fraser Timber Co. Ltd. (Other OTC: WFTBF).
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On November 19, 2020, Norbord announced that it had signed an agreement to be acquired by West Fraser for approximately $3.1 billion. Pursuant to the merger agreement, Norbord stockholders will receive 0.675 shares of West Fraser common stock for each share of Norbord common stock owned. The deal is scheduled to close in the first quarter of 2021.
Bragar Eagel & Squire is concerned that Norbord’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Norbord’s stockholders.
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Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Source: Bragar Eagel & Squire