Domtar gains on takeover speculation as CEO on temporary leave

Jan. 29, 2021 9:55 AM ETDomtar Corporation (UFS), UFS:CABy: Joshua Fineman, SA News Editor1 Comment
  • Domtar (NYSE:UFS) rises 1.6% after news that CEO John Williams was on temporary medical leave had at least one outlet speculating that this may lead to potential takeover interest.
  • Williams is on leave after conducting Covid, which Dealreporter speculates could lead the company to see interest, especially after recent agreement to see its personal care business for $920m.
  • Williams expected to return, though at 65 years old, Dealreporter wonders if he could be looking to exit from the company.
  • Recall Jan. 14, Paper & Packaging sector may see M&A this year, RBC says.

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