Rayonier Advanced Materials and Tembec Announce Clearance from Germany’s Federal Cartel Office

Rayonier Advanced Materials Inc. (NYSE: RYAM) (“Rayonier AM”) and Tembec Inc. (TSX: TMB) (“Tembec”) announced today that they have received notification of clearance from Germany’s Federal Cartel Office in connection with the previously announced proposed statutory arrangement under Section 192 of the Canada Business Corporations Act (the “Transaction”) involving the acquisition by Rayonier AM of all of the outstanding shares of Tembec (the “Tembec Shares”).

Subject to obtaining the approvals of the holders of Tembec Shares and the Québec Superior Court and other necessary approvals and clearances, as well as the satisfaction or waiver of the conditions to the Transaction, it is expected that the Transaction will be completed by the end of 2017.
http://tembec.com/en/Media/Press-Releases/rayonier-advanced-materials-and-tembec-announce-clearance-germanys-federal?section=investors

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