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An entire breakdown of one’s exchange would be intricate regarding the proxy declaration of Resolute, to be recorded on the You.S. Fairfax Economic Holdings Minimal, a serious shareholder away from Resolute, provides entered to the a good voting and you will service arrangement to help you vote its offers in support of the transaction. At the time of July 5, 2022, Fairfax Monetary Holdings held just as much as 31,548,190 shares, otherwise 40% of your an excellent offers since one to day. Resolute becomes a wholly-possessed subsidiary out of Domtar, within the auspices of your Classification, and you can always run-on a corporate-as-common basis within the Resolute name.

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The fresh Resolute management party will stay in place from the organization’s headquarters. Because of the top quality staff provided by Resolute and you will Domtar, Montreal becomes an essential center on the Group’s United states enterprises. Furthermore, the team plans to hold Resolute’s development cities and you may amounts of work. The brand new Doors from Slumber’s Karl Simon satisfies the fresh let you know so you can celebrate the fresh band’s go back.

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