Resolute Forest Products acquired by Paper Excellence in $2.7-billion deal

Resolute Forest Products Inc. RFP-T has agreed to be acquired by Paper Excellence Group, a privately held pulp and paper producer based in Richmond, B.C., in a US$2.7-billion deal that further consolidates the North American forestry sector. The deal, which values Resolute at US$20.50 a share, includes debt and reflects pension liabilities. It also represents…