03:41 PM EST - Norbord Inc. : announced that the secondary offering of common shares of the Corporation by Brookfield Asset Management Inc.. through an indirect wholly-owned subsidiary Brookfield International Limited, was completed today through a syndicate of underwriters led by TD Securities Inc., CIBC and Scotiabank. The underwriters exercised their over-allotment option in full and consequently an additional 495,000 Common Shares were included in the Offering upon closing, bringing the total Common Shares offered to 3,795,000, of which 3,245,000 were offered by Brookfield IL and 550,000 were offered by three senior executives of the Corporation. Gross proceeds of the Offering, which were received by the selling shareholders, were $125,235,000. The Corporation did not receive any proceeds from the Offering. Norbord Inc.
shares T.NBD are trading up $0.85 at $33.00.
