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A full description of your transaction was detailed from the proxy statement of Resolute, becoming recorded to the You.S. Fairfax Monetary Holdings Limited, a life threatening shareholder of Resolute, provides entered to the an excellent voting and you may support arrangement to vote their offers in favor of the transaction. By July 5, 2022, Fairfax Monetary Holdings held as much as 31,548,190 offers, or 40% of your a great shares since one to time. Resolute becomes a completely-had part away from Domtar, beneath the auspices of your Group, and you may consistently operate on a business-as-common foundation within the Resolute name.
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The fresh Resolute management people will remain in place in the company’s headquarters. As a result of the quality staff provided with Resolute and you will Domtar, Montreal will end up an essential center for the Group’s North american enterprises. In addition, the group intends to retain Resolute’s creation urban centers and you may degrees of perform. The new Doorways away from Slumber’s Karl Simon satisfies the newest inform you to help you commemorate the brand new band’s return.
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