Longview Fibre rejects Obsidian/Campbell offer;proceeding with REIT plan

摘要

Longview Fibre last week said its board unanimously rejected an unsolicited offer made in March by Obsidian Finance and The Campbell Group to acquire Longview for us26/share or about us1.3 billion.The company outlined a plan to proceed with its conversion to a real estate investment trust,monetize higher and better use (HBU) timberlands,and sell its sawmill.