Ddomtar securityholders approve transaction to combine with Wweyerhaeuser's fine paper business
February 26 2007 - 10:35AM
PR Newswire (US)
TICKER SYMBOL DTC (TSX, NYSE) MONTREAL, Feb. 26
/PRNewswire-FirstCall/ -- Domtar Inc. (TSX/NYSE: DTC) announces
that its securityholders have approved the Plan of Arrangement
required for its proposed combination with Weyerhaeuser's fine
paper business and related assets at a special meeting held earlier
today. In accordance with the usual procedure, it is anticipated
that definitive court approval of the Plan of Arrangement will be
obtained shortly. The transaction is scheduled to close during the
week of March 5. DOMTAR IS THE THIRD LARGEST PRODUCER OF UNCOATED
FREESHEET PAPER IN NORTH AMERICA. IT IS ALSO A LEADING MANUFACTURER
OF BUSINESS PAPERS, COMMERCIAL PRINTING AND PUBLICATION PAPERS, AND
TECHNICAL AND SPECIALTY PAPERS. DOMTAR MANAGES ACCORDING TO
INTERNATIONALLY RECOGNIZED STANDARDS 18 MILLION ACRES OF FORESTLAND
IN CANADA AND THE UNITED STATES, AND PRODUCES LUMBER AND OTHER WOOD
PRODUCTS. DOMTAR HAS 8,500 EMPLOYEES ACROSS NORTH AMERICA.
DATASOURCE: DOMTAR INC. CONTACT: Investor Relations: Pascal Bosse,
(514) 848-5938, ; Media Relations: Christian Tardif, (514)
848-5515,
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