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.
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