Domtar Responds to Press Speculation
May 04 2021 - 10:40AM
Business Wire
Domtar (“Domtar” or the “Corporation”) (NYSE: UFS) (TSX: UFS),
has been made aware of press speculation regarding discussions
between the Corporation and Paper Excellence with respect to a
possible business combination or acquisition.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20210504005949/en/
In response to that speculation, Domtar acknowledges that its
management has been in discussions with Paper Excellence about such
a potential transaction. However, these discussions may or may not
result in an agreement.
Domtar does not intend to make further comment unless or until
there is a transaction to announce.
Forward-Looking Statements
Certain statements contained in this press release, the
information incorporated herein by reference, and other written and
oral statements made from time to time by us or on our behalf are
based on current expectations, projections about operations,
industry conditions, financial condition, and liquidity, may not
relate strictly to historical or current facts and may contain
forward-looking statements that reflect our current views with
respect to future events and financial performance including the
proposed transaction between Domtar and Paper Excellence. As such,
they are considered “forward-looking statements” which provide
current expectations or forecasts of future events. Such statements
can be identified by the use of terminology such as “anticipate”,
“believe”, “expect”, “intend”, “aim”, “target”, “plan”, “continue”,
“estimate”, “project”, “may”, “will”, “should” and similar
expressions. These forward-looking statements should be considered
with the understanding that such statements involve a variety of
risks and uncertainties, known and unknown, and may be affected by
inaccurate assumptions. Consequently, no forward-looking statement
can be guaranteed and actual results may vary materially. Many
risks, contingencies and uncertainties could cause actual results
to differ materially from our forward-looking statements.
About Domtar Domtar is a leading provider of a wide
variety of fiber-based products including communication, specialty
and packaging papers, market pulp and airlaid nonwovens. With
approximately 6,600 employees serving more than 50 countries around
the world, Domtar is driven by a commitment to turn sustainable
wood fiber into useful products that people rely on every day.
Domtar’s annual sales are approximately $3.7 billion, and its
common stock is traded on the New York and Toronto Stock Exchanges.
Domtar’s principal executive office is in Fort Mill, South
Carolina. To learn more, visit www.domtar.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210504005949/en/
MEDIA RELATIONS David Struhs Vice-President Corporate
Services and Sustainability Tel.: 803-802-8031
Investor RELATIONS Nicholas Estrela Director Investor
Relations Tel.: 514-848-5049
Domtar (NYSE:UFS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Domtar (NYSE:UFS)
Historical Stock Chart
From Apr 2023 to Apr 2024