Rubicon’s ArborGen buys CellFor for C$1.1 mln plus warrants over ArborGen shares

Tue, 14 Aug 2012

By Hannah Lynch Aug. 15 (BusinessDesk) - ArborGen, Rubicon’s commercial forestry joint venture, has acquired US-based seedlings supplier CellFor for C$1.1 million cash plus warrants over ArborGen shares, in a move that would reduce Rubicon's holding in the company. The warrants are exercisable at the time of a liquidation event, including a sale, transaction or initial public offering, Rubicon said. When exercised they would reduce the interest of Rubicon, International Paper and MeadWestvaco in ArborGen to 31.67 percent from 33.33 percent....

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