A new forest products giant group is to be formed in North America as Paper Excellence, through its wholly owned subsidiary Domtar entered into a definitive agreement to acquire Resolute Forest Products. Accordingto Paper Excellence, the cash consideration of $20.50 per Resolute share represented an enterprise value of $2.7bn. The transaction is to be carried out by way of merger, with Resolute becoming Domtar's subsidiary. ...
Paper Excellence to take over Resolute Forest Products
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