Wood panel maker Norbord to buy Ainsworth Lumber
(Reuters) - Canadian wood panel maker Norbord Inc will buy Ainsworth Lumber Co Ltd in an all-stock deal valued at C$762.6 million ($666.6 million).
Ainsworth shareholders will receive 0.1321 of a Norbord share for each Ainsworth share held, the companies said on Monday.
The deal value of C$3.16 per share represents a 6 percent premium to Ainsworth's closing share price on Friday.
(Reporting by Ashutosh Pandey in Bengaluru)
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