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Article: Weyerhaeuser to Combine Fine Paper, Papergrade Pulp, Related Assets With Domtar; Creates Largest North American Fine Paper Company.
- Article from:
- PR Newswire
- Article date:
- August 23, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FEDERAL WAY, Wash., Aug. 23 /PRNewswire-FirstCall/ -- Weyerhaeuser Company today announced that it has reached a definitive agreement to combine its Fine Paper business and related assets with Domtar Inc. (TSE/NYSE: DTC). The transaction gives Weyerhaeuser shareholders 55 percent ownership in the new company and includes a $1.35 billion cash payment to Weyerhaeuser. The cash payment, plus the stock valued at the closing price of Domtar stock on Aug. 22, 2006, results in a transaction value of $3.3 billion before considering resulting synergies.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040116/WYLOGO-a
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