Domtar (UFS) Authorizes 1-for-12 Reverse Stock Split
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Domtar Corporation (NYSE: UFS) announced today that its Board of Directors has authorized the implementation of a reverse stock split at a 1-for-12 ratio of its outstanding common stock.
The Company's indirect subsidiary, Domtar (Canada) Paper Inc. (TSX:UFX), authorized an equivalent reverse split of its outstanding exchangeable shares.
The reverse stock split, which was approved by stockholders at the Company's Annual Meeting held on May 29, 2009, will be effective at 6:01 p.m. (ET) on June 10, 2009 (the "Effective Time").
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