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A complete description of the purchase would be intricate on the proxy statement out of Resolute, getting filed on the You.S. Fairfax Monetary Holdings Limited, a life threatening shareholder of Resolute, has joined for the a good voting and you will service agreement so you can vote the offers in favor of your order. At the time of July 5, 2022, Fairfax Monetary Holdings kept around 29,548,190 offers, or 40% of one’s a fantastic offers since you to date. Resolute will end up a wholly-had part away from Domtar, underneath the auspices of the Group, and continue to run on a business-as-common basis within the Resolute term.
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The fresh Resolute management party will remain positioned from the business’s head office. Considering the quality employees available with Resolute and you will Domtar, Montreal will end up an essential center for the Group’s North american companies. In addition, the team intentions to maintain Resolute’s design metropolitan areas and you can levels of efforts. The new Doorways from Slumber’s Karl Simon meets the fresh tell you in order to celebrate the brand new band’s come back.
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