July 18, 2017 / 2:47 AM / in 4 months

BRIEF-Oaktree urges Tembec shareholders to vote against proposed acquisition by Rayonier

July 17 (Reuters) - Oaktree Capital Management:

* proposed deal is result of a flawed sale process

* Oaktree urges Tembec shareholders to vote against proposed acquisition by Rayonier

* Tembec board claim sale to Rayonier is result of “comprehensive sale process is misleading;relies on an apples-to-oranges comparison”

* believes that there is significant value gap that makes proposed transaction unfair to shareholders Source text for Eikon: Further company coverage:

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