
Fraser Papers has been given the go-ahead by its board of directors to acquire Katahdin, a subsidiary of Brookfield…
Fraser Papers has been given the go-ahead by its board of directors to acquire Katahdin, a subsidiary of Brookfield Management.
The deal is expected to cost $80 million, subject to an adjustment based on working capital at the time of closing.
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Fraser will additionally pay distributions to Brookfield Management, depending upon the generation of cash flow from the super-calendered business.
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