SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Resolute Forest Products Inc. (NYSE – RFP)

BALA CYNWYD – July 13, 2022 /Globe Newswire/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Resolute Forest Products Inc. (“Resolute” or the “Company”) (NYSE – RFP) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the Company’s agreement to be acquired by The Paper Excellence Group, through its wholly-owned subsidiary Domtar Corporation (“Domtar”). Under the terms of the agreement, Domtar, would acquire each share of Resolute common stock for $20.50 per share, together with a Contingent Value Right (“CVR”) entitling the holder to a share of future softwood lumber duty deposit refunds. The transaction is valued at approximately $2.7 billion.

The investigation concerns whether the Resolute Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether the Domtar is paying too little for the Company.

If you own shares of Resolute stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, or call toll free 855-576-4847.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.