# Rayonier Advanced Materials to acquire Tembec

Tembec announced that Institutional Shareholder Services recommended approval of the plan of arrangement for the acquisition of Tembec by Rayonier Advanced Materials. The deal involves all outstanding shares of Tembec.

- Type: Acquisition
- Announced: 2017-07-14
- Where: Canada
- Value: $475.0M
- Status: announced
- Products: forest products, lumber, paper, high purity cellulose
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Rayonier Advanced Materials](https://endata.com/companies/1485.md) (acquirer)
- [Tembec](https://endata.com/companies/1486.md) (target)

## Sources

- [newswire.ca](https://www.newswire.ca/fr/news-releases/advisory-firm-institutional-shareholder-services-recommends-approval-of-the-plan-of-arrangement-involving-the-acquisition-of-tembec-by-rayonier-advanced-materials-634516093.html), 2017-07-14: "The proposed premium offer consideration provides shareholders with flexibility to participate in the growth opportunities associated with the combined business of increased size, scale and liquidity."
- [papnews.com](https://www.papnews.com/rayonier-advanced-materials-reiterates-commitment-acquire-tembec-agreed-terms/), 2017-07-18: "The proposed premium offer consideration provides shareholders with flexibility to participate in the growth opportunities associated with the combined business of increased size, scale and liquidity and/or to receive the consideration in the form of cash that provides immediate liquidity."
- [financialpost.com](https://financialpost.com/investing/update-1-rayonier-advanced-raises-offer-for-canadas-tembec-to-c475-mln/), 2017-07-24: "Rayonier Advanced Materials said it raised its offer price for Canadian paper and cellulose pulp maker Tembec Inc to $4.75 per share, valuing the deal at $475 million, excluding debt."
- [getfilings.com](https://getfilings.com/sec-filings/170811/RAYONIER-ADVANCED-MATERIALS-INC_8-K/), 2017-08-11: "MOFCOM has cleared, without condition, the previously announced plan of arrangement involving the proposed acquisition by the Company of all the outstanding common shares of Tembec."
- [getfilings.com](https://getfilings.com/sec-filings/170818/RAYONIER-ADVANCED-MATERIALS-INC_8-K_FORM2/), 2017-08-18: "The clearance from the Competition Bureau satisfies a condition to the Arrangement."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.