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The full breakdown of one’s deal might possibly be in depth on the proxy report out of Resolute, to be filed to the You.S. Fairfax Financial Holdings Limited, a life threatening shareholder of Resolute, has joined for the a good voting and you will help agreement so you can vote their shares in support of the transaction. By July 5, 2022, Fairfax Economic Holdings stored as much as 30,548,190 shares, otherwise 40% of one’s a great offers as of one to go out. Resolute will end up an entirely-had subsidiary away from Domtar, within the auspices of one’s Group, and you will always run-on a corporate-as-usual base underneath the Resolute term.

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The new Resolute administration people will continue to be positioned during the company’s head office. Due to the high quality staff provided by Resolute and you will Domtar, Montreal will end up an important heart to your Group’s Us companies. Additionally, the group intentions to maintain Resolute’s creation cities and you may levels of operate. The new Gates from Slumber’s Karl Simon suits the fresh let you know so you can celebrate the fresh band’s return.

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