TORONTO, June 17, 2013 /CNW/ - Norbord Inc. (TSX: NBD, NBD.WT) today announced that S&P Dow Jones Canadian Index Services has confirmed that Norbord will be added to the S&P/TSX Composite Index, effective after close of trading on June 21, 2013.
"We are very pleased to be included in the S&P/TSX Composite Index, as this marks an important milestone for Norbord," said Barrie Shineton, President and CEO. "We look forward to the increased visibility and broader market participation that comes with being a part of the Index."
The S&P/TSX Composite Index, managed and calculated by S&P Dow Jones Indices, is the headline index and principal broad market measure for the Canadian equity markets.
Norbord Inc. is an international producer of wood-based panels with assets of $1 billion, employing approximately 1,900 people at 13 plant locations in the United States, Europe and Canada. Norbord is one of the world's largest producers of oriented strand board (OSB). In addition to OSB, Norbord manufactures particleboard, medium density fibreboard (MDF) and related value-added products. Norbord is a publicly traded company listed on the Toronto Stock Exchange under the symbols NBD and NBD.WT.
SOURCE: Norbord Inc.
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