Two U.S. investment firms are buying a controlling stake in Twin Rivers Paper Company Inc., which operates mills in New Brunswick and Maine.
Blue Wolf Capital Partners and Atlas Holdings announced Tuesday that they expected to close the deal with Toronto-based Brookfield Asset Management Inc. (TSX:BAM.A, Stock Forum) in about three weeks.
Brookfield shares eased 0.05% to $39.19 Tuesday, leaving the company with a market cap of $24.45 billion, based on 623.9 million shares outstanding. The 52-week range is $40.29 and $31.10.
With files from The Canadian Press.