Norbord Inc. (OSB): Price and Financial Metrics
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OSB Price/Volume Stats
|Current price||$43.13||52-week high||$46.12|
|Prev. close||$44.34||52-week low||$8.92|
|Day high||$44.46||Avg. volume||148,774|
|50-day MA||$41.51||Dividend yield||4.29%|
|200-day MA||$30.54||Market Cap||3.48B|
Norbord Inc. (OSB) Company Bio
Norbord Inc. manufactures, sells, markets, and distributes wood-based panels for retail chains, contractor supply yards, and industrial customers primarily in North America and Europe. The company offers oriented strand boards for use in sheathing, flooring, and roofing in home construction applications; particleboards that are used in flooring and other construction applications; and medium density fibreboards for use in cabinet doors, mouldings, and interior wall paneling applications, as well as related value-added products for use in the construction of new homes, and renovation and repair of existing structures. The company was formerly known as Nexfor Inc. and changed its name to Norbord Inc. in June 2004. Norbord Inc. was founded in 1987 and is based in Toronto, Canada.
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West Fraser Timber Co. Ltd. -- Moody's says Norbord's rating and review not currently affected by West Fraser's purchase
Announcement: Moody's says Norbord's rating and review not currently affected by West Fraser's purchaseGlobal Credit Research - 01 Feb 2021Toronto, February 01, 2021 -- Moody's Investors Service (Moody's) said that the acquisition of Norbord Inc. (Norbord, Ba1 Ratings Under Review) by West Fraser Timber Co. Ltd.'s (West Fraser, Baa3) will have no immediate impact on Norbord's Ba1 rating or review for upgrade following the stock-for-stock acquisition that closed today.As part of the transaction, West Fraser has secured $1.3 billion in committed credit facilities, which may be used to redeem Norbord's $665 million of bonds (rated Ba1), which has a change of control put. Given recent trading prices, it is uncertain if Norbord's bonds will be put.
If Norbord's rated debt is assumed by West Fraser in a manner that leaves Norbord's bonds essentially pari passu with West Fraser's senior unsecured notes, Norbord's bonds will likely be rated in-line with West Fraser's rating. If this does not occur, Norbord's bond rating will be based on the stand-alone credit profile of Norbord plus anticipated support from West Fraser (subject to receiving adequate financial information to determine and maintain the Norbord bond rating).West Fraser has strong liquidity supported by over C$3 billion of liquidity sources with no significant debt maturities over the next 12 months.
Norbord Obtains Final Court Approval of the Plan of Arrangement and West Fraser Obtains Conditional NYSE Listing Approval - Stocks News Feed
VANCOUVER, BC and TORONTO, ON, Jan. 22, 2021 /CNW/ – West Fraser Timber Co. Ltd. (“West Fraser“) (TSX:WFT) and Norbord Inc. (“Norbord“) (TSX:OSB) (NYSE:OSB) today jointly announce that Norbord has obtained a final order from the Ontario Superior Court of Justice (Commercial List) approving the previously–announced plan of arrangement whereby West Fraser will acquire all of… Read More »Norbord Obtains Final Court Approval of the Plan of Arrangement and West Fraser Obtains Conditional NYSE Listing Approval
TORONTO — Shareholders of West Fraser Timber Co. Ltd. and Norbord Inc. have approved a $4-billion all-stock deal that will marry two of Canada's big wood product producers.
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