Companies in the timber industry / Daily News / Global Trends / Forestry / Lumber / Sawmilling / Wood Products / Global / North America
July 11, 2022
Domtar to buy Resolute Forest Products for US$ 2.7 billion
Canadian forest products company Resolute Forest Products Inc. has agreed to be bought by pulp manufacturer Domtar Corp. in a deal the companies valued at some $2.7 billion, including pension liabilities. Resolute Forest shareholders will receive $20.50 a share for each Resolute Forest stock they own, marking a premium of about 64% to the stock's closing price on Tuesday. That would value Resolute Forest at roughly $1.6 billion. Resolute Forest shareholders will also receive a contingent value right that entitles them to a share of future softwood lumber duty deposit ...
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