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Resolute Forest stock rockets on buyout deal valued at $2.7 billion by Paper Excellence Group

Summary by Ground News
Shares of Resolute Forest Products Inc. RFP, -14.22% rocketed 65.3% to pace all premarket gainers. The forest products company agreed to be acquired in a deal with an enterprise value of $2.7 billion. Under terms of the deal, each Resolute share outstanding will be converted into a right to receive $20.50 per share.

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domtar.com broke the news in on Wednesday, July 6, 2022.
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