Susan Yurkovich, President of the BC Lumber Trade Council made the following statement in response to the U.S. Department of Commerce’s (“DOC”) issuance of preliminary countervailing (“CVD”) and antidumping (“AD”) rates on Canadian softwood lumber. The preliminary combined “All Others” rate has been set at 18.32%, more than double the current combined “All Others” rate […]
NAR: Existing-Home Sales Decline 2.7% in April
Existing-home sales waned in April, marking three straight months of declines, according to the National Association of Realtors®. All but one of the four major U.S. regions witnessed month-over-month drops in home sales, but each registered double-digit year-over-year gains for April. Key Highlights – Existing-home sales are down 2.7% to 5.85 million, the third straight […]
CP Remains Ready to Re-engage with KCS; CP to Proceed with STB Application Process
Canadian Pacific Railway Limited sent the following letter to the Surface Transportation Board (“STB”) in response to the Kansas City Southern (“KCS”) Board of Directors’ decision to terminate the Merger Agreement with CP: The Honorable Cynthia T. Brown Chief, Section of Administration, Office of Proceedings Surface Transportation Board 395 E Street S.W. Washington, DC 20423 […]
PPG Has Received All Necessary Regulatory Approvals for Acquisition of Tikkurila
PPG announced that it has received regulatory approval from the Federal Antimonopoly Service of Russia for the completion of its tender offer for all of the shares of Tikkurila. With this approval, PPG has received all required regulatory approvals for completion of the tender offer and has announced that the tender offer will expire on […]
Hancock Now Proudly Representing Marvin® Signature, Elevate + Essential Collections
Two brands plan to realign as Hancock Lumber announces their renewed partnership with Marvin, a window and door manufacturer and brand they have reconnected with following their latest acquisition of Lapointe Lumber. Both multi-generational, independent, century-old, family-owned companies, Hancock Lumber and Marvin have a long-standing relationship. “Hancock Lumber could not be more excited about reuniting […]
International Paper Launches Signature Pro Bono Initiative
International Paper announced the kick-off of the Signature Pro Bono Initiative, marking a significant milestone for the legal community in Tennessee and for individuals living in the state’s underserved communities. As part of the Tennessee Pro Bono Services Alliance, this initiative will help deliver equal justice to Tennessee residents by focusing specifically on expungement, voter […]
Freddie Mac: Mortgage Rates Increase to Three Percent in May 20th Report
Freddie Mac released the results of its Primary Mortgage Market Survey® (“PMMS”®), showing that the 30-year fixed-rate mortgage (“FRM”) averaged 3.00 percent. “After a run up over the first few months of the year, rates have paused and hovered around three percent since March,” said Sam Khater, Freddie Mac’s Chief Economist. “Despite this favorable rate […]
BSW Acquires Bayram Timber Ltd.
Established over 20 years ago, Bayram is a market leading timber processor and manufacturer, and a key supplier into the UK caravan, leisure home and garden sectors. Operating from a 17 acre site in Melton, East Yorkshire, the business has annual sales of £30 million and employs over 160 people. The acquisition of Bayram will […]
Canadian Pacific Calls on Kansas City Southern Board to Reject CN’s Anti-Competitive Proposal
Canadian Pacific Railway Limited announced that it sent a letter to Kansas City Southern’s (“KCS”) Board of Directors calling on them to reject Canadian National’s (“CN”) proposal in light of intervening events and reaffirming its commitment to the pro-competitive CP-KCS combination and the achievable, compelling value under the pre-existing merger agreement. The full text of […]
Stora Enso Partners with Vogue Scandinavia for Eco-friendly Fashion Media
Stora Enso and Vogue Scandinavia have formed a strategic partnership to replace plastics in magazine packaging. As a part of the partnership, Stora Enso will provide Vogue Scandinavia with sustainability and packaging design expertise. A renewable, carbon neutral eco-package concept will be available for the first issue of Vogue Scandinavia, to be published in August […]