Why Resolute Forest Products Shares Are Rallying Today?
Through its wholly-owned subsidiary Domtar Corporation, the Paper Excellence Group has agreed to acquire Resolute Forest Products Inc (NYSE:RFP). Fairfax Financial Holdings Limited, a significant stockholder of Resolute with a 40% stake, has supported the acquisition. The transaction brings complementary capabilities in lumber and pulp to Paper Excellence. Resolute will become a wholly-owned subsidiary of…
Benzinga ·