Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of Domtar Corporation (NYSE: UFS) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by Paper Excellence.
On May 11, 2021, Domtar announced that it had signed an agreement to be acquired by Paper Excellence for approximately $3 billion. Pursuant to the merger agreement, Domtar stockholders will receive $55.50 in cash for each share of Domtar common stock owned. The deal is scheduled to close in the second half of 2022.
Bragar Eagel & Squire is concerned that Domtar’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Domtar’s stockholders.
If you own shares of Domtar and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email or telephone. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. Attorney advertising. Prior results do not guarantee similar outcomes.