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Company News

BUZZ-Norbord Inc: Suspends Alberta mill ops due to wildfire threat

** Canadian wood-based panel maker’s shares, dip after co suspends production at an Alberta mill, which produces oriented strand boards used in home-building

** Says production temporarily suspended due to wild fires burning nearby in the region, to comply with evacuation orders

** Both OSB stocks are set close lower for 7th consecutive session, currently down ~2% on TSX

** Co says it is currently assessing the impact to production schedule from suspension

** As of Monday’s close, OSB shares down over 16% on TSX and NYSE this year, respectively (Reporting by Ahmed Farhatha)

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