Home News Industry News Tembec's largest shareholder opposes takeover by Rayonier Advanced Materials

Tembec's largest shareholder opposes takeover by Rayonier Advanced Materials

MONTREAL — Tembec's largest shareholder says it will vote against the sale of the forestry company to Rayonier Advanced Materials unless the offer price is raised.

In an open letter to shareholders sent Friday, Oaktree Capital Management says Tembec's shareholders are not receiving a fair value.

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Source: The Chronicle Herald

 
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