Rayonier Advanced Materials and Tembec Announce Antitrust Clearance from the Competition Bureau of Canada in connection with the Transaction

Rayonier Advanced Materials Inc. (NYSE: RYAM) (“Rayonier Advanced Materials”) and Tembec Inc. (TSX: TMB) (“Tembec”) announced today that they received clearance from the Competition Bureau of Canada (the “Competition Bureau”), without condition, of the previously announced proposed statutory arrangement under Section 192 of the Canada Business Corporations Act (the “Transaction”) involving the acquisition by Rayonier Advanced Materials of all of the outstanding shares of Tembec.

In addition to clearance by the Competition Bureau, the Transaction already has received antitrust clearance from the Anti-Monopoly Bureau of the Ministry of Commerce of the People’s Republic of China (often referred to as MOFCOM), Germany’s Federal Cartel Office, and the United States Department of Justice and the Federal Trade Commission. As such, Rayonier Advanced Materials and Tembec have now received all required antitrust clearances.

The Transaction has also been approved by Tembec’s shareholders and by the Québec Superior Court.  Subject to obtaining other necessary approvals, as well as the satisfaction or waiver of other conditions to the Transaction, it is expected that the Transaction will be completed in the fourth quarter of 2017.
http://tembec.com/en/Media/Press-Releases/rayonier-advanced-materials-and-tembec-announce-antitrust-clearance-competition?section=investors

Related Posts

GP’s Sale of Nonwovens Business to Glatfelter Finalized

Glatfelter Corporation (NYSE: GLT), a leading global supplier of engineered materials, today announced it has completed the previously announced acquisition of Georgia-Pacific’s U.S. nonwovens business for $175 million, subject to customary purchase price adjustments. The transaction includes an airlaid manufacturing operation in Mount Holly, NC along with a nonwovens product development operation in Memphis, Tenn.

New Astrolite PC 100® Swatchbooks Now Available

Monadnock Paper Mills, Inc. is pleased to announce additional product offerings for Astrolite PC 100, the luxurious and sustainable fine papers crafted with 100% post-consumer waste (PCW) recycled fiber. Created with a high-fidelity six-color printing process (CMYKOG), the new Astrolite PC 100 swatchbook results in a stunning visual that demonstrates the possibilities when printing on highly crafted recycled papers. These grades are perfect for annual reports, CSR reports, fashion lookbooks, catalogs, product brochures, newsletters, presentation kits, portfolios, pocket folders, corporate stationery, and premium packaging. In addition to the featured print demonstrations, the new Astrolite PC 100 swatchbook features the recently expanded full slate of its three separate product lines: Astrolite PC 100 Velvet, Astrolite PC 100 Smooth, and Astrolite PC 100 Digital+, including a wider range of sheet sizes certified for HP Indigo.

Johnsonburg Pulp and Paper Mill: 131 years of Papermaking

At Domtar, we are proud to be a part of the communities where we work, live and play. In many of these communities, the pulp and paper mill has influenced the development of the town and is often the area’s largest employer. Our Johnsonburg Mill is a great example of how a mill can shape a town. The Johnsonburg pulp and paper mill has been the backdrop and the backbone of this small Pennsylvania town since 1889. Boasting more than a century of partnership, the mill and the town have developed a symbiotic relationship. Click read more below for the rest of the story.
Back To Top
×Close search
Search