Business Context and Reporting Period
Company: Rayonier Advanced Materials Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: June 23, 2017
Event: Regulation FD Disclosure regarding the acquisition of Tembec Inc.
Key Transaction Details
On June 23, 2017, Tembec Inc. published its Notice of Special Meeting of Shareholders and Management Information Circular (the "Circular"). This document relates to the previously announced arrangement for Rayonier Advanced Materials Inc. to acquire all outstanding common shares of Tembec Inc. The Circular is furnished as Exhibit 99.1 to this filing.
Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report serves as a disclosure of a corporate action and the furnishing of an exhibit rather than a financial results report.
Material Changes
No material changes to financial performance are reported in this document. The primary material event is the progression of the acquisition process for Tembec Inc., evidenced by the publication of the shareholder meeting notice.
Guidance, Outlook, and Risks
- Management Commentary: The Company states that the furnishing of the Circular does not constitute a solicitation of proxies or an offer to sell securities.
- Verification Disclaimer: While the Company has no knowledge of errors in the information provided by Tembec, it has not independently verified the absence of such errors and disclaims responsibility for the accuracy of Tembec's data.
- Risks/Contingencies: The transaction is contingent upon the approval of Tembec shareholders at the special meeting referenced in the Circular.
Investor Verification Checklist
- Review Exhibit 99.1 (Tembec Inc. Notice of Special Meeting of Shareholders and Management Information Circular) for detailed terms of the acquisition.
- Confirm the date and outcome of the Tembec shareholder special meeting.
- Verify the status of regulatory approvals required for the acquisition to close.
- Note that Rayonier Advanced Materials Inc. has not independently verified the financial data contained within Tembec's Circular.