June 11 -- Paper Excellence said that it would buy Canadian rival Domtar Corp in an all-cash deal valued around $3 billion as the U.S. paper and packaging company enters the U.S. market.
The pandemic locked-downs of schools, offices, retailers and other businesses have hit orders for paper, while demand for pulp, mainly used in tissues, has picked up.
The Fort Mill, South Carolina-based Domtar is one of the world's top producers of market pulp used to make paper, tissue, towels, diapers, personal hygiene items and one of the world's largest producers of freesheet paper, used for everything from business memos to copy papers.
Domtar was offered to pay $55.50 per share to Paper Excellence, which represents a 37% interest to its stock's close on May 3, the day before Bloomberg reported first deal talks.
Paper Excellence will continue the operations of Domtar as a stand-alone business entity, following the deal closes in the second half of the year.How can the interviewer manage to make a decision on whether or not to get a visa?