May 11, 2021
Paper Excellence, a global diversified manufacturer of pulp and specialty, printing, writing, and packaging papers, and Domtar Corp. (NYSE: UFS) (TSX: UFS), a leading provider of fiber-based products, have announced that they have entered into a strategic business combination under which the Paper Excellence group of companies will acquire all of the issued and outstanding shares of Domtar Corp. common stock for US$55.50 per share, in cash. The all-cash transaction represents an enterprise value of approximately US$3 billion.
Latham & Watkins LLP represents Paper Excellence in the transaction with a corporate deal team led by New York partner Robert Katz and Chicago partner Jason Morelli, with associates Saso Kraner, Wayne Yu, Sophia Choi, and Sami El-Kebbi. Advice was also provided on benefits and compensation matters by New York partner Jennifer Pepin, with associate Samantha Voutyras; on labor and employment matters by Chicago partner Nineveh Alkhas, with associate Laura Waller; on tax matters by Chicago partner Rene de Vera, with associate Michael Zucker; on finance matters by Washington, D.C. partner Jason Licht, New York partner Scott Ollivierre, and Washington, D.C. counsel Charles Cassidy, with associates Louis Quagliato, Kevin Schoonveld, and John Fluharty; on environmental matters by New York partner Gary Gengel and New York counsel David Langer, with associates Andrew Westgate and Larry Hong; on real estate matters by New York partner Michael Haas, with associates Thomas Ficchi and Sara Aziz; on antitrust matters by Washington, D.C. partners Michael Egge and Ian Conner, with associates Caitlin Fitzpatrick and Carla Palma; on intellectual property matters by New York partner Jeffrey Tochner and New York counsel Carrie Girgenti, with associate Max Miroff; and on derivatives matters by New York partner Reza Mojtabaee-Zamani, with associate Jack Neff.