Domtar confirms deal talks with Canadian rival Paper Excellence
Marcy Nicholson, Bloomberg News An employee lowers large rolls of paper on a rewinding machine at the Domtar Paper Co. paper mill in Rothschild, Wisconsin, Oct. 10, 2012 , Bloomberg/Daniel Acker
Domtar Corp. confirmed it has been in discussions with Canadaâs Paper Excellence about a potential business combination, the company said Tuesday.
Bloomberg reported on Monday that the Canadian paper and packaging company is exploring a deal to acquire the U.S. rival.
âDomtar acknowledges that its management has been in discussions with Paper Excellence about such a potential transaction,â Domtar said in a statement. âHowever, these discussions may or may not result in an agreement.â