Rayonier, Tembec Announce Antitrust Clearance from China
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Rayonier Advanced Materials Inc., Jacksonville, Fla., USA, and Tembec Inc., Montreal, Que., Canada, this week announced that they received notification from the Anti-Monopoly Bureau of the Ministry of Commerce of the People's Republic of China (often referred to as MOFCOM) that it has cleared, without condition, the previously announced proposed statutory arrangement under Section 192 of the Canada Business Corporations Act involving the acquisition by Rayonier Advanced Materials of all of the outstanding shares of Tembec.
