Fortress Paper divests security paper products business for $28M
Fortress Paper Ltd. (TSX: FTP; OTCQX:FTPLF) sold security paper products business to Swiss National Bank and Orell Füssli Holding AG for CHF21.5M or CDN $28M
Forestry
CanWel Building Materials Group closes $57M bought deal
CanWel Building Materials Group Ltd. (TSX: CWX) closed bought deal, led by GMP Securities L.P., of 9,832,500 subscription receipts at $5.85 per subscription receipt for gross proceeds of $57,520,125
Fairfax Financial Holdings disposes portion of Tembec holding
Fairfax Financial sold 2,633,350 common shares of Tembec Inc. over the facilities of the Toronto Stock Exchange (TSX) between June 2nd and 9th at an average price of approximately $4.35 per Share.
Rayonier Advanced Materials to acquire Tembec for US $807M
Rayonier Advanced Materials Inc. (NYSE: RYAM) and Tembec Inc. (TSX: TMB) have entered a definitive agreement under which Rayonier Advanced Materials will acquire Tembec for approximately U S$807 million, including the assumption of U S$487 million of debt net of cash.
