Sappi acquires Matane Mill in Quebec from Rayonier for $175M
Has a 270,000-megatonnes per annum capacity of high-yield hardwood pulp.
Tembec shareholders approve takeover by Rayonier
Overwhelming 95% in favour of the $1 billion friendly offer.
Rayonier ups offer for Tembec, wins support from deal opponents
Oaktree Capital and Restructuring Capital now onboard for $4.75 per share.
Tembec warns of risk stock price will fall if takeover rejected
Two largest shareholders oppose the deal; looking for a higher offer price.
Rayonier vows to ‘come to bat’ for Tembec in softwood battle
Merged company will keep Canadian headquarters in Montreal.
Interfor invests $80M in US South
Acquires Rayonier’s wood products business in Georgia.