The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from Marketwire

Fairfax Announces Additional Acquisition of International Forest Products Shares

Friday, September 30, 2011

Fairfax Announces Additional Acquisition of International Forest Products Shares17:02 EDT Friday, September 30, 2011TORONTO, ONTARIO--(Marketwire - Sept. 30, 2011) - Fairfax Financial Holdings Limited (TSX:FFH)(TSX:FFH.U) ("Fairfax") announced today that it has acquired, through its subsidiaries, 366,000 Class A shares of International Forest Products Ltd., bringing its total holdings in the company to 10,338,900 Class A shares or approximately 18.85% of the total Class A shares outstanding. The shares were purchased through the facilities of the Toronto Stock Exchange for investment purposes. Fairfax continually reviews its investment alternatives and may purchase additional International Forest Product shares from time to time in accordance with applicable laws.Fairfax Financial Holdings Limited is a financial services holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management.FOR FURTHER INFORMATION PLEASE CONTACT: John VarnellFairfax Financial Holdings LimitedChief Financial Officer(416) 367-4941ORPaul RivettMedia Contact: Fairfax Financial Holdings LimitedChief Legal Officer(416) 367-4941