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Canada's Paper Excellence announces deal to buy Domtar Corp. in US$3B deal - PLANT


(CP) Paper Excellence is expanding into the U.S. with a deal to buy Domtar Corp. in an agreement with an enterprise value of about US$3 billion.
The Richmond, B.C.-based company will pay US$55 per Domtar share in cash, a 37 per cent premium from May 3 when a media report disclosed a possible transaction.
“This marks a major step in our global strategy of identifying well-positioned assets and positioning them for growth,” said Joe Ragan, Paper Excellence’s global chief financial officer.
“We are enthusiastic about entering the American market as we continually improve Paper Excellence’s ability to serve its expanding blue-chip customer base.” ....

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Canada's Paper Excellence announces deal to buy Domtar Corp. in US$3B deal | iNFOnews


Ross Marowits
Domtar president and CEO John Williams arrives at the paper company s annual meeting, Wednesday, April 30, 2014 in Montreal. THE CANADIAN PRESS/Paul Chiasson
May 11, 2021 - 2:02 PM
Paper Excellence is expanding into the U.S. with a deal to buy Domtar Corp. in an agreement with an enterprise value of about US$3 billion.
The Richmond, B.C.-based company will pay US$55 per Domtar share in cash, a 37 per cent premium from May 3 when a media report disclosed a possible transaction.
This marks a major step in our global strategy of identifying well-positioned assets and positioning them for growth, said Joe Ragan, Paper Excellence s global chief financial officer. ....

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Paper Excellence in talks to buy Domtar in potential $3-billion deal

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Prince George mill sues Enbridge over gas pipeline rupture


Catalyst Paper Corp. and Paper Excellence Canada Holdings Corp., which owned and operated the paper mill near Prince George, have filed a lawsuit naming Enbridge and Westcoast Energy as defendants.
The plaintiffs say that on the day of the explosion, Fortis B.C., which delivers natural gas and electricity to customers in B.C., advised that the gas supply to the mill may be curtailed.
The following day, Fortis B.C. asked that the mill’s gas consumption be stopped entirely and the mill did an expedited shutdown, says the suit.
On Oct. 11, 2018, Enbridge resumed operation of an undamaged 30-inch pipeline to 80 per cent of its capacity and Fortis B.C. advised the mill that they could resume a restricted natural gas consumption, which limited production at the mill, it says. ....

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