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Canadian pulp-and-paper producer, the Paper Excellence Group to buy Resolute Forest Products Inc. for $1.6 billion

Posted on July 11, 2022   |  

  • The paper supplies in North America are likely to stay tight until 2023 after mills transformed to cardboard to fulfill the rising demand for boxes and packing materials, which led to this deal.
  • Every holder of the Resolute share will gain $20.50 on future softwood lumber duty deposit refunds.
  • On Wednesday, Resolute shares grew by 66% to $20.71, which is the highest price since 2011.