Domtar – A Major Addition to the Paper Excellence Global Family
MT+Co.’s Business Law Group acts as lead Canadian counsel on acquisition of global diversified pulp and paper manufacturer.
Last week, our client, Paper Excellence, and Domtar entered into an agreement whereby Paper Excellence will acquire all of Domtar’s common stock for US$55.50 per share. The all-cash transaction represents an enterprise value of approximately US$3.0 billion. Our Business Law Group, led by our Managing Principal + Lead, Business Law Group, David Allardice, and our Co-Founder, Jim Titerle, acted as lead Canadian counsel on the deal. Huge shout outs to our legal team for their dedication and hard work in assisting our client with this transaction. Joe Ragan, Global Chief Financial Officer of Paper Excellence, commented, “We are excited to add Domtar and its employees to the Paper Excellence global family. This marks a major step in our global strategy of identifying well-positioned assets and positioning them for growth. Domtar is a natural fit for our culture of operational excellence. We are enthusiastic about entering the American market as we continually improve Paper Excellence’s ability to serve its expanding blue-chip customer base.” Full Press Release here.