Paper Excellence—a diversified, global manufacturer of pulp, printing, writing and packaging papers, headquartered in Canada—has entered into an agreement to acquire all issued & outstanding shares of Domtar common stock for $55.50 USD per share. The all-cash transaction represents an enterprise value of approximately $3.0 billion. The purchase price represents a premium of approximately 37% to Domtar’s closing share price on May 3, 2021.
The agreement has been unanimously approved by Domtar’s Board of Directors, and is expected to close in the second half of 2021. Paper Excellence intends to continue the operations of Domtar as a stand-alone business; and Domtar will continue to be led by its management team, with plans to retain its corporate & production locations. The agreement facilitates both Domtar’s growth into Packaging, as well as Paper Excellence’s growth strategy of entering the U.S. Market.
Domtar To Be Acquired By Paper Excellence For $3B; Shares Jump 16.9%
The agreement has been unanimously approved by Domtar’s Board of Directors, and is expected to close in the second half of 2021. Paper Excellence intends to continue the operations of Domtar as a stand-alone business; and Domtar will continue to be led by its management team, with plans to retain its corporate & production locations. The agreement facilitates both Domtar’s growth into Packaging, as well as Paper Excellence’s growth strategy of entering the U.S. Market.
Domtar To Be Acquired By Paper Excellence For $3B; Shares Jump 16.9%
