12:15 PM EST - Taiga Building Products Ltd. : Has commenced an offer, on the terms and subject to the conditions set forth in the Company's Exchange Offer and Consent Solicitation Statement dated September 29, 2017, to purchase any and all of its outstanding 14% subordinated unsecured notes of the Company due September 1, 2020 in exchange for: an equivalent principal amount of new 7% senior notes of Taiga due five years from the date of issuance; common shares of Taiga at a rate of 833.33 Common Shares for each $1,000 principal amount of Existing Notes; or any combination of the Note Option and the Share Option as determined by the holders of the Existing Notes. Taiga Building Products Ltd.
shares T.TBL are trading down $0.30 at $1.35.
