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Arbec Forest Products Inc. announces filing and mailing of directors' circular in respect of Jolina Capital Inc. offer.

Publication: PR Newswire
Publication Date: 01-MAR-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
ST-LEONARD, QC, March 1 /PRNewswire-FirstCall/ -- Arbec Forest Products Inc. is pleased to announce that it has filed its Directors' Circular in response to Jolina Capital Inc.'s offer and take-over bid circular (collectively, the "Jolina Circular"), which is being mailed today, concurrently with the Directors' Circular, to holders of all the issued and outstanding Class A subordinate voting shares of Arbec, including the subordinate voting shares issuable upon conversion of the Class B multiple voting shares of Arbec. The Directors' Circular contains a recommendation that Arbec shareholders should accept Jolina's offer and deposit their shares under the offer.

The board of directors of Arbec has concluded that the Jolina's offer is fair, from a financial point of...

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