Norbord Inc. Announces Notice Of Intention To Make A Normal Course Issuer Bid

Norbord Inc. Announces Notice Of Intention To Make A Normal Course Issuer Bid 
TORONTO, Feb. 1, 2013 /CNW/ - Norbord Inc. (TSX: NBD, NBD.WT) announced today 
that the Toronto Stock Exchange (the "TSX") has accepted its notice of 
intention to conduct a normal course issuer bid in accordance with TSX 
rules. Under the bid, Norbord may purchase up to 2,198,341 of its common 
shares, representing approximately 5% of the Company's issued and outstanding 
common shares of 43,966,827 as of January 22, 2013, pursuant to TSX rules. 
Purchases under the bid may commence on February 5, 2013, and will terminate 
on the earlier of February 4, 2014, the date Norbord completes its purchases 
pursuant to the notice of intention to make a normal course issuer bid filed 
with the TSX or the date of notice by Norbord of termination of the bid. 
Purchases will be made on the open market by Norbord through the facilities of 
the TSX in accordance with the requirements of the TSX. The price that 
Norbord will pay for any such common shares will be the market price of such 
shares on the TSX at the time of acquisition. Common shares purchased under 
the bid will be cancelled. Norbord's average daily trading volume on the TSX 
during the last six calendar months was 113,890 common shares. Daily 
purchases of common shares will not exceed 28,472 shares, subject to the 
Company's ability to make "block" purchases under the rules of the TSX. No 
share purchases were made under the Company's previous normal course issuer 
bid that expired on December 20, 2012. 
Norbord believes that the market price of its common shares at certain times 
may be attractive and that the purchase of these shares from time to time 
would be an appropriate use of Norbord's funds in light of potential benefits 
to remaining shareholders. 
Norbord Profile 
Norbord Inc. is an international producer of wood-based panels with assets of 
$1 billion, employing approximately 1,900 people at 13 plant locations in the 
United States, Europe and Canada. Norbord is one of the world's largest 
producers of oriented strand board (OSB). In addition to OSB, Norbord 
manufactures particleboard, medium density fibreboard (MDF) and related 
value-added products. Norbord is a publicly-traded company listed on the 
Toronto Stock Exchange under the symbols NBD and NBD.WT. 
Heather Colpitts Manager, Corporate Affairs Tel. (416) 365-0705 
SOURCE: Norbord Inc. 
To view this news release in HTML formatting, please use the following URL: 
CO: Norbord Inc.
ST: Ontario
-0- Feb/01/2013 17:46 GMT
Press spacebar to pause and continue. Press esc to stop.