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Winnipeg Free Press By: Ross Marowits, The Canadian Press Posted:
Last Modified: 4:02 PM CDT Tuesday, May. 11, 2021 Save to Read Later
Paper Excellence is expanding into the U.S. with a deal to buy Domtar Corp. in an agreement with an enterprise value of about US$3 billion.
Domtar president and CEO John Williams arrives at the paper company s annual meeting, Wednesday, April 30, 2014 in Montreal. THE CANADIAN PRESS/Paul Chiasson
Paper Excellence is expanding into the U.S. with a deal to buy Domtar Corp. in an agreement with an enterprise value of about US$3 billion.
The Richmond, B.C.-based company will pay US$55 per Domtar share in cash, a 37 per cent premium from May 3 when a media report disclosed a possible transaction.
Ross Marowits
Domtar president and CEO John Williams arrives at the paper company s annual meeting, Wednesday, April 30, 2014 in Montreal. THE CANADIAN PRESS/Paul Chiasson May 11, 2021 - 2:02 PM
Paper Excellence is expanding into the U.S. with a deal to buy Domtar Corp. in an agreement with an enterprise value of about US$3 billion.
The Richmond, B.C.-based company will pay US$55 per Domtar share in cash, a 37 per cent premium from May 3 when a media report disclosed a possible transaction. This marks a major step in our global strategy of identifying well-positioned assets and positioning them for growth, said Joe Ragan, Paper Excellence s global chief financial officer.
Winnipeg Free Press By: The Canadian Press Save to Read Later
FORT MILL, S.C. - Domtar Inc. shares surged to a near two-year high after the pulp and paper producer acknowledged it s in talks with B.C. s Paper Excellence about a possible merger or sale of the company.
Domtar president and CEO John Williams gets ready for the paper company s annual meeting in Montreal, Wednesday, April 30, 2014. THE CANADIAN PRESS/Paul Chiasson
FORT MILL, S.C. - Domtar Inc. shares surged to a near two-year high after the pulp and paper producer acknowledged it s in talks with B.C. s Paper Excellence about a possible merger or sale of the company.
Domtar shares surge after producer acknowledges talks with Paper Excellence
Domtar president and CEO John Williams gets ready for the paper company s annual meeting in Montreal, Wednesday, April 30, 2014. THE CANADIAN PRESS/Paul Chiasson May 04, 2021 - 9:13 AM
FORT MILL, S.C. - Domtar Inc. shares surged to a near two-year high after the pulp and paper producer acknowledged it s in talks with B.C. s Paper Excellence about a possible merger or sale of the company.
Shares of the South Carolina and Montreal-based company climbed $8.27 or 16.6 per cent at $57.97 in midday on the Toronto Stock Exchange.
Domtar says the discussions may or may not result in an agreement.