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The full breakdown of your deal might possibly be outlined regarding the proxy report from Resolute, getting filed to your U.S. Fairfax Economic Holdings Limited, a life threatening stockholder of Resolute, has entered on the a great voting and you can assistance arrangement to help you vote the shares and only the order. Since July 5, 2022, Fairfax Financial Holdings kept around 29,548,190 offers, otherwise 40% of the a great offers since one to time. Resolute will end up a completely-owned subsidiary out of Domtar, under the auspices of your own Category, and you may still run-on a business-as-typical foundation within the Resolute name.

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The newest Resolute management party will remain positioned at the businesses headquarters. Due to the quality staff members available with Resolute and you can Domtar, Montreal will end up an essential heart to your Group’s North american businesses. In addition, the group plans to keep Resolute’s production urban centers and you will quantities of operate. The new Doorways out of Slumber’s Karl Simon meets the new tell you to enjoy the newest band’s get back.

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