GreenFirst Announces Resumption of Trading yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
GreenFirst to acquire forest and paper products assets in Ontario and Québec April 12, 2021 Maryam Farag
GreenFirst Forest Products Inc. entered a binding asset purchase agreement, pursuant to which a wholly-owned subsidiary of GreenFirst has agreed to acquire a portfolio of forest and paper product assets from Rayonier A.M. Canada G.P. and Rayonier A.M. Canada Industries Inc., each a subsidiary of Rayonier Advanced Materials Inc., which is arm’s length to GreenFirst.
The purchaser is acquiring the purchased assets for a purchase price of US$140 million plus the value of the inventory on-hand at the time of closing, reflecting an aggregate purchase price expected to be approximately US$214 million, which is payable approximately 85 per cent in cash and approximately 15 per cent in common shares in the capital of GreenFirst.
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Ballantyne Strong Portfolio Company GreenFirst To Acquire Forest and Paper Products Assets in Ontario and Quebec For $214 Million forextv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forextv.com Daily Mail and Mail on Sunday newspapers.