Rayonier Advanced Materials to buy Tembec for $807M

|About: Rayonier Advanced Materials (RYAM)|By:, SA News Editor

Rayonier Advanced Materials (NYSE:RYAM) has agreed to acquire Tembec (OTCPK:TMBCF), creating a diversified global provider of high purity cellulose, packaging, paper, high-yield pulp and forest products.

Tembec shareholders will have the right to elect to receive either C$4.05 in cash or 0.2302 of a share of Rayonier Advanced Materials common stock, for each Tembec common share.

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