EDMONTON, Dec. 1, 2015 /CNW/ - Millar Western today announced that it is in advanced discussions to sell its Boyle lumber operation, including timber quotas, to Northland Forest Products Ltd. The terms of a transaction are not final, and the details of a transaction will only be provided if and when the parties enter into a definitive agreement in respect of a transaction. If a definitive agreement is entered into, Millar Western currently anticipates that a transaction would be completed before year-end. Until such time, there can be no assurance that a definitive agreement will be executed or that a transaction will be completed. Moreover, the closing of any transaction would be subject to Government of Alberta approval and other customary conditions.
Caution Regarding Forward-Looking Statements
This news release contains forward-looking statements within the meaning of applicable securities law. These forward-looking statements are not based on historical facts but, rather, about future events, including current expectations regarding the potential sale of the Boyle lumber operations. Forward-looking statements are subject to risk and uncertainties and may not occur. Readers are cautioned not to place undue reliance on such forward-looking statements.
About Millar Western:
Millar Western is a privatelyowned forest products company headquartered in Edmonton and operating dimension lumber and highyield pulp facilities in Whitecourt, Fox Creek and Boyle, Alberta.
SOURCE Millar Western Forest Products Ltd.
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