Paper Excellence and Resolute to Sell Thunder Bay Pulp and Paper Mill

摘要

The Paper Excellence Group and Resolute Forest Products in late-October announced their intention to sell Resolute's Thunder Bay pulp and paper mill in Ontario,Canada,to further facilitate the regulatory review process.On July 6,the Paper Excellence Group through its wholly-owned subsidiary Domtar Corporation entered into an agreement with Resolute to acquire all of the outstanding common shares of Resolute stock."Today's announcement is a clear demonstration of our commitment to timely complete the acquisition of Resolute,"said Patrick Loulou,vice chair and chief strategy officer of the Paper Excellence Group.