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Resolute Forest Products approved a $2.7 billion acquisition offer from Paper Excellence Group
Posted on November 7, 2022 |
- Resolute Forest Products Inc. (RFP) and their shareholders approved a proposal to adopt the Agreement and Plan of Merger for the $2.7 billion acquisition offer from Paper Excellence Group.
- Resolute is a global leader in the forest products industry with a various range of products, including market pulp, tissue, wood products, and papers, marketed in over 60 countries.
- The transaction will make Paper Excellence a major player in the Quebec forest products industry.
- Resolute expects to conclude the merger in H1 2023, subject to receipt of regulatory approvals and satisfaction.