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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.
Paper Excellence has completed its acquisition of Domtar, which becomes part of the Paper Excellence group and is no longer publicly traded. Domtar will operate as a stand-alone entity with its current management in place.
