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Article: Pacific Forest Products Limited completes Phase I of auction for 100% of Pacific Forest shares.
- Article from:
- Business Wire
- Article date:
- May 14, 1997
CopyrightCOPYRIGHT 1997 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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VANCOUVER, British Columbia--(BUSINESS WIRE)--May 14, 1997-- Further to its announcement on March 20, 1997, Pacific Forest Products Limited (TSE, ME, VSE:PFF) ("Pacific Forest") announced today that it has completed Phase I of the auction for 100 percent of Pacific Forest's shares.
Pacific Forest's financial advisor, RBC Dominion Securities Inc., has received multiple non-binding expressions of interest to acquire 100 percent of the shares of Pacific Forest. A number of qualified potential purchasers will enter Phase II and will have the opportunity to conduct detailed due diligence and undertake tours of Pacific Forest's operations. Final binding offers ...