Resolute Forest Products shareholders vote in favour of Paper Excellence offer

Image Source: THE CANADIAN PRESS/Paul Chiasson

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Resolute Forest Products shareholders gave their approval to the $2.7 billion acquisition offer from Paper Excellence Group on Monday during a virtual meeting.

The majority of shareholders supported the transaction, according to a preliminary report. The level of support has not yet been disclosed. The transaction is conditional on regulatory approval.


Source: CTV News


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