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iPhone Cases sale That was the time it took for Florida based Rayonier Advanced Materials Inc. To acquire Montreal based Tembec Inc., a US$900 million transaction that closed Monday.In that deal, Tembec shareholders received $4.75 a share payable in cash, shares or some combination, subject to overall caps of two thirds cash and one third stock.For those who received Rayonier stock, the acquisition has already proven a positive: The shares are up more than US$3 from the day before the deal was announced (on May 24 when the shares closed at US$13.25) and Monday (when they closed at US$16.70.)But getting over the line in what is probably standard time was quite the journey as this transaction was different in a couple of ways. Tembec second largest shareholder, Restructuring Capital Associates, a long time shareholder with a 17.1 per cent stake, also opposed the transaction.Together the two shareholders had the potential to nix the deal, which was being done by way of a plan of arrangement and which required the support of two thirds of the voting shareholders.Oaktree plan, combined with Restructuring Capital opposition, drew a quick response: About a week after their opposition became known, Rayonier and Tembec agreed to a new deal.Instead of the original $4.05 a share the new offer would be $4.75 a share.iPhone Cases sale

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iPhone Cases
iPhone Cases
iPhone Cases
iPhone Cases
iPhone Cases