Paper Excellence reported to explore deal to take Domtar private [From the web]

NEW YORK, May 4, 2021-

Canadian paper and packaging company Paper Excellence is exploring a deal to acquire U.S. rival Domtar Corp., according to people familiar with the matter. Domtar rose 21% in after-market trading.

The companies are working with advisers on a potential transaction that would take U.S.-listed Domtar private, said the people, who asked not to be identified as the details aren’t public. A deal could value Domtar’s shares in the mid-$50s, one of the people said. No final decision has been made and talks could fall through.

Not a subscriber?

TRY Nonwovens Markets
Newsletter TODAY!