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May 25, 2017ACQUISITIONCanada Rayonier Advanced Materials to acquire Tembec for about US$807M
Rayonier Advanced Materials agreed to acquire Tembec in a deal with a purchase price of about US$807 million including US$487 million of net debt assumed, with Tembec shareholders receiving C$4.05 cash or shares.
Productshigh purity cellulosepackagingpaperhigh-yield pulpforest products
“The purchase price of approximately US$807 million, including the assumption of US$487 million of debt net of cash, represents a multiple of 4.6 times LTM pro forma EBITDA after expected synergies.”prnewswire.com
- 2 sources
- prnewswire.comRayonier Advanced Materials to Acquire Tembec, Creating a Diversified Global Leader in High Purity Cellulose, Packaging, Paper, High-Yield Pulp and Forest ProductsMay 25, 2017
- newswire.caRayonier Advanced Materials to Acquire Tembec, Creating a Diversified Global Leader in High Purity Cellulose, Packaging, Paper, High-Yield Pulp and Forest ProductsMay 25, 2017
Summarized from public sources; check the original articles before acting on it.
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