Domtar to acquire Resolute Forest Products; Canadian competition consent agreement filed

The Canadian Commissioner of Competition filed a consent agreement for the Paper Excellence Group's subsidiary Domtar to acquire all outstanding shares of Resolute Forest Products at $20.50 per share plus a contingent value right tied to duty deposit refunds of up to $500 million. Closing is expected in the first half of 2023.

“Once the combination has been finalized, Domtar will acquire all of the outstanding common shares of Resolute stock for $20.50 per share and one contingent value right tied to potential duty deposit refunds of up to $500 million.”newswire.ca

• 1 source
• newswire.caResolute, Paper Excellence Merger Receives Canadian Competition Bureau ApprovalDec 28, 2022

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