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Paper Excellence to buy Domtar Corp in $3 billion deal

05/11/2021 08:49
Paper Excellence to buy Domtar Corp in $3 billion deal

- Canadian paper and packaging company Paper Excellence will buy U.S rival Domtar Corp UFS.N in an all-cash deal valued at about $3 billion, the companies said on Tuesday.

Paper Excellence has offered $55.50 per share, which represents a 37% premium to Domtar stock's close on May 3, the day before media reports surfaced about the transaction. nBw4fVWSZa



(Reporting by Rithika Krishna in Bengaluru; Editing by Shinjini Ganguli)

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