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The full malfunction of your deal will be detailed from the proxy report from Resolute, to be submitted to the You.S. Fairfax Monetary Holdings Restricted, a significant stockholder from Resolute, have inserted to the a voting and you may support arrangement in order to choose their shares in favor of the transaction. By July 5, 2022, Fairfax Economic Holdings held as much as 29,548,190 shares, otherwise 40% of one’s a fantastic offers as of you to definitely go out. Resolute can be an entirely-possessed part out of Domtar, under the auspices of your Class, and you will consistently operate on a corporate-as-typical basis under the Resolute identity.
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The brand new Resolute administration party will continue to be positioned in the business’s head office. Considering the quality team available with Resolute and you may Domtar, Montreal can be an important heart to the Group’s United states organizations. In addition, the group plans to maintain Resolute’s development metropolitan areas and you can quantities of perform. The newest Doorways of Slumber’s Karl Simon satisfies the fresh let you know in order to enjoy the brand new band’s return.
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