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The full malfunction of the transaction was outlined on the proxy report of Resolute, getting registered on the U.S. Fairfax Economic Holdings Minimal, a significant stockholder out of Resolute, has entered to the an excellent voting and you may service agreement in order to choose their offers and only your order. As of July 5, 2022, Fairfax Financial Holdings stored around 29,548,190 offers, or 40% of your own a fantastic offers since you to definitely go out. Resolute will end up an entirely-possessed subsidiary of Domtar, within the auspices of your Class, and you can consistently run using a business-as-common foundation beneath the Resolute term.

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The brand new Resolute management people will stay in place at the organization’s headquarters. As a result of the high quality staff members provided by Resolute and you can Domtar, Montreal will become an essential centre for the Group’s United states companies. Additionally, the team intends to maintain Resolute’s design cities and amounts of perform. The newest Doorways of Slumber’s Karl Simon suits the brand new let you know to help you enjoy the brand new band’s go back.

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