Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0 0 0
Stock impact report

Tembec shareholders approve $1.1-billion takeover by Rayonier [Toronto Globe and Mail (Ontario, Canada)]

Rayonier Inc. REIT (RYN) 
Last rayonier inc. reit earnings: 4/29 04:11 pm Check Earnings Report
Shareholders in Quebec forestry firm Tembec Inc. overwhelmingly endorsed a friendly takeover offer by Rayonier Advanced Materials Inc., a chemical-products company based in Florida. About 95 per cent of shareholders who voted were in favour of the deal, valued at $1.1-billion – well more than the two-thirds support required. The agreement, which is subject to regulatory approvals, is expected to close by the end of year. Although Rayonier is not constrained by any written guarantees, it has committed to maintain a Canadian head office and further invest in the company, which is good news for employees, outgoing Tembec chief executive James Lopez said. “They are going to accelerate and spend that money faster and probably spend more, so it’s going to be a stronger company,” he said after the vote. The transaction, announced in May, was at risk of being rejected until Rayonier raised its offer in response to threats from Tembec’s two largest shareholders that they would vote Show less Read more
Impact Snapshot
Event Time:
RYN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for RYN alerts
Opt-in for
RYN alerts

from News Quantified
Opt-in for
RYN alerts

from News Quantified