Domtar Corporation

Practice Area: 
Stock Symbol: 
UFS
Case Status: 
Investigations

Ademi LLP is investigating Domtar (NYSE: UFS) for possible breaches of fiduciary duty and other violations of law in its transaction with Paper Excellence.

Ademi LLP alleges Domtar’s financial outlook is excellent and yet Domtar shareholders will receive only $55.50 per share, in cash. The merger agreement unreasonably limits competing bids for Domtar by prohibiting solicitation of further bids, and imposing a termination penalty if Domtar accepts a superior bid. Domtar insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of Domtar’s board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Domtar.


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