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An entire description of the exchange will be intricate in the proxy report of Resolute, as filed to your You.S. Fairfax Economic Holdings Minimal, a significant stockholder out of Resolute, features registered on the a great voting and support arrangement to help you vote the shares in support of your order. At the time of July 5, 2022, Fairfax Economic Holdings kept as much as 29,548,190 offers, or 40% of one’s a great offers at the time of you to definitely date. Resolute will become a completely-possessed part out of Domtar, under the auspices of your own Classification, and always run using a corporate-as-common basis beneath the Resolute identity.
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The newest Resolute management party will stay positioned in the organization’s headquarters. Considering the top quality employees available with Resolute and you may Domtar, Montreal will end up an essential heart to your Group’s North american enterprises. Additionally, the team intends to keep Resolute’s production urban centers and you can degrees of operate. The fresh Doorways from Slumber’s Karl Simon suits the newest inform you to help you enjoy the fresh band’s come back.
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