TORONTO — Fairfax Financial Holdings announced that it has acquired 19,991,044 common shares of Tembec, or about 20% of Tembec’s issued and outstanding shares. The shares were purchased, for investment purposes, in a private transaction at a price of $2.25 under a share purchase agreement. They are the only securities that Fairfax currently owns or controls in Tembec.
Fairfax acquires Tembec stake
Most Recent
Most Read
Domtar to acquire Resolute Forest Products
Wed, July 06th, 2022
Quebec TIMBER MART felled by fire
Wed, July 06th, 2022
Hardlines report measures industry growth during pandemic
Wed, July 06th, 2022
Single-family building permits rise in May
Tue, July 05th, 2022
Featured Classified: Home Hardware
Tue, July 05th, 2022
Canadian Tire makes a splash for centennial
Mon, July 04th, 2022
U.S. construction spending declines
Mon, July 04th, 2022
Hardlines Conference goes west in 2023
Thu, June 30th, 2022
Spectrum Brands sales team sees transitions
Thu, June 30th, 2022
Napoleon CFO promoted to president
Thu, June 30th, 2022