Monday, February 05, 2007

Hit #142 (Longview Fibre)

Longview Fibre (LFB), a large owner of timberlands in the Pacific Northwest, is being acquired by Brookfield Asset Management for $2.15 billion in a cash deal. The offer, of $24.75/share represents a gain of 18.36% over my average cost of $20.91.

Longview had seen some drama earlier, with a hostile offer, and subsequent plans to transform itself into a REIT. This is definitely a better outcome for shareholders.

Previous hit - Altiris (#141)


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