Domtar Corp. said it terminated an offer to repurchase bonds and strip key protections from its debt covenants after investors pushed back against the below-market price offered by the paper manufacturer.
A total of 340 people will be permanently laid off.
Pactiv Evergreen Inc. announced that Douglas "Doug" Owenby will join Pactiv Evergreen as Chief Operations Officer, effective September 13.
The value of an order of this type is typically around Euro 20-30 million.
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