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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.
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.
New-Indy JV agreed to acquire Resolute Forest Products' Catawba paper and pulp mill in Catawba, South Carolina, which makes coated mechanical paper, specialty paper and market pulp. The deal is expected to close by December 31, 2018.
Resolute Forest Products agreed to sell its Catawba, South Carolina paper and pulp mill to New-Indy Containerboard for about $300 million, including $260 million in cash and about $40 million of assumed liabilities. Closing is expected around year-end 2018.
ND Paper agreed to purchase Resolute Forest Products' recycled bleached kraft pulp mill in Fairmont, West Virginia, valued at $55 million. The deal expands its packaging paperboard manufacturing base.
