Paper Excellence to acquire Resolute Forest Products via Domtar

Paper Excellence Group, through Domtar, agreed to acquire all outstanding shares of Resolute Forest Products for $20.50 per share plus a contingent value right tied to potential duty deposit refunds of up to $500 million. Resolute will remain a subsidiary operating under its own name.

“the Group plans to retain Resolute's production locations and levels of jobs.”domtar.com

• 2 sources
• domtar.comPaper Excellence Group Enters Into Definitive Agreement to Acquire Resolute - DomtarJul 6, 2022
• newswire.caPAPER EXCELLENCE GROUP ENTERS INTO DEFINITIVE AGREEMENT TO ACQUIRE RESOLUTE FOR $20.50 PER SHARE AND ONE CONTINGENT VALUE RIGHT TIED TO POTENTIAL DUTY DEPOSIT REFUNDS OF UP TO $500 MILLIONJul 6, 2022

Summarized from public sources; check the original articles before acting on it.