Domtar Corporation announces delay in filing of its first quarter results
May 11 2007 - 10:27AM
PR Newswire (US)
TICKER SYMBOL UFS (NYSE, TSX) MONTREAL, May 11
/PRNewswire-FirstCall/ -- Domtar Corporation (NYSE/TSX: UFS) today
announced its intention to file with the Securities and Exchange
Commission a Form 12b-25 notification of a delay in filing its Form
10-Q for the quarter ended April 1, 2007. Due to the complexities
involved in preparing the consolidated financial statements
reflecting the combination of the Weyerhaeuser Fine Paper Business
and related assets and Domtar Inc. as of March 7, 2007, the Company
requires additional time to complete its interim report for the
quarter ended April 1, 2007. "Our finance team has worked through
the difficulties of bringing together two sets of financial
information on a transaction that closed late in the quarter. These
few extra days will allow us to assure the highest quality in our
financial reporting" stated Daniel Buron, Senior Vice-President and
Chief Financial Officer. The Company intends to file its Form 10-Q
on or before May 21, 2007. Domtar Corporation (NYSE/TSX: UFS) is
the largest integrated producer of uncoated freesheet paper and one
of the largest manufacturers of papergrade market pulp in North
America. The Company designs, manufactures, markets and distributes
a wide range of business, commercial printing, publication as well
as technical and specialty papers with recognized brands such as
First Choice(R), Domtar Microprint(R), Windsor Offset(R), Cougar(R)
as well as its full line of environmentally and socially
responsible papers, Domtar EarthChoice(R). Domtar owns and operates
Domtar Distribution Group, an extensive network of
strategically-located paper distribution facilities. Domtar also
produces lumber and other specialty and industrial wood products.
The Company employs nearly 14,000 people. To learn more, visit
http://www.domtar.com/. DATASOURCE: DOMTAR INC. CONTACT: Media
relations: Richard Descarries, (514) 848-5600; Investor relations:
Pascal Bosse, (514) 848-5938
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