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Western Forest Products Inc Announces $100 Million Substantial Issuer Bid; Initiates Regular Dividend

Tuesday, 2 Jul 2013 05:20pm EDT

Western Forest Products Inc announced a substantial issuer bid (the "Bid") to repurchase up to $100 million of its outstanding voting common and non-voting shares ("Shares"), and the commencement of a regular quarterly dividend of initially $0.02 per Share. The Bid will be an all-cash offer made by way of a modified "Dutch Auction" and the range of Bid prices will be from $1.30 to $1.50 per Share. The maximum purchase price under the Bid represents a premium of approximately 15% over the daily volume weighted average trading price of the Company's common shares on the TSX for the 30 trading days preceding the date of this announcement. Western expects the regular quarterly dividend to commence in the Company's third fiscal quarter and to be funded from operating cash flow.

TFS Corporation Ltd Reaffirms FY 2013 EBITDA Guidance

Monday, 1 Jul 2013 07:23pm EDT

TFS Corporation Ltd announced that a advised at the end of May 2013, the Company reported that it remained on track to achieve a cash EBITDA of at least $35 million for fiscal 2013.

Bergs Timber publ AB Announces Details on Termination of Employment Resulting from Changes at Morlunda Facility

Friday, 28 Jun 2013 08:00am EDT

Bergs Timber publ AB announced that co-determination negotiations initiated in relation to the closure of normal size timber line at Company's Morlunda facility have been concluded. As a result employment of 10 workers will be terminated. Negotiations regarding salaried employees are on-going.

Lesozavod-2 OAO Appoints Auditor for FY 2013-AK&M

Thursday, 27 Jun 2013 08:00pm EDT

AK&M reported that Lesozavod-2 OAO has appointed Professionalaudit OOO as its auditor for the fiscal year 2013.

China Sandi Holdings Ltd Comments On FY 2013 Profit Guidance

Tuesday, 25 Jun 2013 09:15am EDT

China Sandi Holdings Ltd announced that based on preliminary management accounts of the Group and information currently available, the Group expects to record a profit for fiscal 2013 as compared to a loss for fiscal 2012. The turnaround of the annual results was mainly attributable to increase in turnover, the gain arising from changes in fair value of the Group’s biological assets and gain arising from changes in fair value on financial assets at fair value through profit or loss.

Fujian Jinsen Forestry Co Ltd Announces Appointment of General Manager and Resignation of CFO

Monday, 24 Jun 2013 08:00pm EDT

Fujian Jinsen Forestry Co Ltd announced the appointment of Mr. Zhang Jinwen as General Manager, effective June 22, 2013. The Company also announced the resignation of Mr. Ying Biao as Chief Financial Officer and Deputy General Manager, effective June 24, 2013. Mr. Ying will continue his duty as Director and Secretary of the Board in the Company.

RusForest AB Appoints Matti Lehtipuu as CEO and Proposes Garrett Soden as Chairman

Monday, 24 Jun 2013 02:00am EDT

RusForest AB announced that it has appointed Matti Lehtipuu as Chief Executive Officer (CEO), effective July 8, 2013. In addition, the Company on June 24, 2013 issued the notice for an extraordinary general meeting of shareholders in order to appoint Garrett Soden as Chairman of the Board of Directors. Mr. Lehtipuu replaces Garrett Soden, who is resigning to pursue other opportunities with the Lundin family. Mr. Soden has been CEO of RusForest since August 2012 and will remain available to ensure a smooth transition of responsibilities. Nova Capital, the Company’s main shareholder, consulted with the nomination committee and requested the Board to call an extraordinary general meeting of shareholders in order to appoint Mr. Soden as Chairman of the Board of Directors. The Company’s current Chairman, Paul Putz, is being proposed as Deputy Chairman.

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Analyst Research

Report Title Price
ACCSYS TECHNOLOGIES - LOOK FOR CONTRACT WINS
Provider: Edison Investment Research
$10.00
Buy
ACCSYS TECHNOLOGIES - INITIATIVES PROGRESSING
Provider: Edison Investment Research
$10.00
Buy
ACCSYS TECHNOLOGIES - INITIATIVES CONTINUING
Provider: Edison Investment Research
$10.00
Buy
Forest Enterprises Australia Ltd (FEA) - Financial Analysis Review
Provider: GlobalData
$125.00
Buy
Sonae Industria, SGPS, S.A. (SONI) - Financial Analysis Review
Provider: GlobalData
$125.00
Buy

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