FinancialBuzz.com’s latest The Buzz Show: Featuring Our Corporate News Recap on “Domtar Corp Soars Following Buyout Deal with Paper Excellence”
Domtar Corp (NYSE: UFS) shares shot up over 13% in premarket trading after Paper Excellence entered into a definitive agreement to acquire all of the issued and outstanding shares of Domtar common stock.
The strategic transaction seeks to accelerate Paper Excellence’s growth strategy, and expands Domtar’s financial resources, potential customer base and product offerings with Domtar set to continue as a stand-alone business entity after the transaction.
Domtar is a leading provider of a wide variety of fiber-based products including communication, specialty and packaging papers, market pulp and airlaid nonwovens. With approximately 6,400 employees serving more than 50 countries around the world, Domtar is driven by a commitment to turn sustainable wood fiber into useful products that people rely on every day. Domtar’s annual sales are approximately $3.7 billion, and its common stock is traded on the New York and Toronto Stock Exchanges. Domtar’s principal executive office is in Fort Mill, South Carolina.
For more information, please visit: Domtar Corp.
About The Buzz: A Financial Buzz Show on daily news, covering the most up to date financial information. The Buzz intends to provide factual and relevant information for its audience. The Buzz is 100% original content, created by Financial Buzz Media. Located on Wall Street in the heart of New York City’s financial district, FinancialBuzz.com is a credible source for the world’s latest trending financial and economic news. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content.