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An entire breakdown of one’s purchase will be intricate regarding the proxy statement out of Resolute, getting submitted on the U.S. Fairfax Economic Holdings Limited, a critical stockholder from Resolute, has registered to the a good voting and you may support contract to help you choose the shares in support of the order. Since July 5, 2022, Fairfax Monetary Holdings stored around 30,548,190 shares, or 40% of the an excellent shares as of you to go out. Resolute becomes an entirely-possessed part from Domtar, within the auspices of one’s Group, and you can still operate on a corporate-as-usual base within the Resolute name.

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The brand new Resolute administration group will continue to be positioned from the business’s headquarters. Considering the high quality staff available with Resolute and Domtar, Montreal becomes an essential centre to your Group’s North american businesses. Furthermore, the team intends to maintain Resolute’s development urban centers and you may degrees of work. The brand new Doorways of Slumber’s Karl Simon satisfies the newest inform you to help you celebrate the brand new band’s come back.

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