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A complete dysfunction of your own transaction was intricate in the proxy report of Resolute, becoming registered on the U.S. Fairfax Economic Holdings Minimal, a serious shareholder out of Resolute, features inserted to the an excellent voting and you can service agreement to vote the offers in support of your order. By July 5, 2022, Fairfax Economic Holdings stored just as much as 30,548,190 offers, otherwise 40% of your a great offers at the time of one to time. Resolute can be a wholly-had subsidiary from Domtar, within the auspices of your own Classification, and you can always run using a corporate-as-usual basis underneath the Resolute identity.

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The fresh Resolute management party will remain set up from the business’s head office. Considering the high quality team available with Resolute and you can Domtar, Montreal will become an essential heart for the Group’s United states businesses. Additionally, the group intentions to maintain Resolute’s production metropolitan areas and you can degrees of efforts. The fresh Gates of Slumber’s Karl Simon suits the brand new let you know to commemorate the fresh band’s come back.

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