Mark Wishnie felt pleased when he heard the news: Joe Biden announced his support of a $50 million debt investment for the timber farmland project he heads at Latin America’s largest investment bank. The U.S. president’s April 20 speech at the Major Economies Forum on Energy and Climate kicked off a $1 billion financing campaign […]
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