Rayonier advanced materials announces sale of greenfirst forest products inc. shares

Jacksonville, fla.--(business wire)--rayonier advanced materials inc. (nyse: ryam) (the “company”) announced that it has sold 28,684,433 common shares of greenfirst forest products inc. to a wholly-owned subsidiary of interfor corporation for approximately $43.3 million. the agreement contains a purchase price protection clause whereby the company is entitled to participate in further stock price appreciation under certain circumstances and for a specified period. consistent with prior communic
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