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The full malfunction of one’s transaction might possibly be in depth on the proxy report from Resolute, to be registered on the You.S. Fairfax Financial Holdings Restricted, a significant shareholder away from Resolute, have joined for the a great voting and you can help arrangement in order to choose the shares and only the transaction. Since July 5, 2022, Fairfax Economic Holdings stored as much as 31,548,190 shares, otherwise 40% of your a fantastic shares by you to date. Resolute becomes a wholly-had part away from Domtar, underneath the auspices of the Classification, and you will continue to run-on a business-as-typical base within the Resolute label.

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The brand new Resolute management people will continue to be in position from the organization’s headquarters. Considering the top quality staff provided by Resolute and you can Domtar, Montreal becomes a significant heart on the Group’s United states businesses. Additionally, the team plans to hold Resolute’s development urban centers and you may levels of perform. The new Doors away from Slumber’s Karl Simon suits the brand new let you know so you can celebrate the newest band’s get back.

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