Press releases

Tembec Shareholders Approve Transaction with Rayonier Advanced Materials

July 27, 2017

JACKSONVILLE, Florida and MONTREAL, Québec — Rayonier Advanced Materials Inc. (“Rayonier Advanced Materials”) (NYSE: RYAM) and Tembec Inc. (“Tembec”) (TSX: TMB)  today announced that the holders of record of its common shares (the "Tembec Shareholders") have approved the resolution (the "Arrangement Resolution") authorizing the previously announced statutory arrangement under Section 192...

Tembec reports financial results for its third fiscal quarter ended June 24, 2017

July 26, 2017

Montreal, Quebec – Consolidated sales for the three-month period ended June 24, 2017, were $419 million, as compared to $376 million in the same quarter a year ago. The Company generated net earnings of $17 million or $0.17 per share in the June 2017 quarter compared to net earnings of $9 million or $0.09 per share in the June 2016 quarter. Operating earnings before depreciation, amortiz...

Rayonier Advanced Materials and Tembec Announce Increase in Consideration under Amended Arrangement Agreement

July 23, 2017

Increased Consideration Valued at C$4.75 Oaktree and Bennett Management Agree to Vote in Favor of the Arrangement Tembec shareholders should submit or update their proxies or voting instructions in advance of the meeting without delay JACKSONVILLE, Florida and MONTREAL, Québec—July 23, 2017—Rayonier Advanced Materials Inc. (“Rayonier Advanced Materials”) (NYSE: RYAM) and Tembec Inc. (“...

Tembec Provides Transaction Update

July 19, 2017

MONTREAL, Quebec, July 19, 2017 — Tembec Inc. (TSX: TMB) ("Tembec" or the "Company") today provided an update in response to the recent public broadcast solicitation by Oaktree Capital Management, L.P. ("Oaktree") in connection with the proposed acquisition (the "Arrangement" or the "Transaction") by Rayonier Advanced Materials Inc. ("Rayonier AM") of all of the issued and outstanding common share...

Rayonier Advanced Materials Reiterates Commitment to Acquire Tembec on Agreed Terms: Transaction provides compelling value to Tembec shareholders

July 17, 2017

JACKSONVILLE, Florida and MONTREAL, Quebec, July 17, 2017 – Rayonier Advanced Materials Inc. (the “Company” or “Rayonier Advanced Materials”) (NYSE: RYAM) today reaffirmed its commitment to acquire Tembec Inc. (“Tembec”) (TSX: TMB) on the terms previously agreed with Tembec. The Company believes that the previously announced arrangement consideration of C$4.05 in cash or 0.2302 of a share of Rayon...